UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-02105
Fidelity Salem Street Trust
(Exact name of registrant as specified in charter)
245 Summer St., Boston, MA 02210
(Address of principal executive offices) (Zip code)
Margaret Carey, Secretary
245 Summer St.
Boston, Massachusetts 02210
(Name and address of agent for service)
Registrant's telephone number, including area code:
617-563-7000
Date of fiscal year end: | January 31 |
Date of reporting period: | July 31, 2024 |
Item 1.
Reports to Stockholders
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF JULY 31, 2024 | ||
| Fidelity® SAI Sustainable Conservative Income Municipal Bond Fund Fidelity® SAI Sustainable Conservative Income Municipal Bond Fund : FASYX | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Fidelity® SAI Sustainable Conservative Income Municipal Bond Fund | $ 10 | 0.20% |
KEY FACTS | ||
Fund Size | $16,369,527 | |
Number of Holdings | 107 | |
Portfolio Turnover | 68% |
(as of July 31, 2024)
REVENUE SOURCES (% of Fund's net assets) | ||
Synthetics | 18.4 | |
Electric Utilities | 15.7 | |
Health Care | 15.4 | |
General Obligations | 13.6 | |
Housing | 9.5 | |
Resource Recovery | 9.5 | |
Education | 5.3 | |
Others(Individually Less Than 5%) | 12.6 | |
100.0 | ||
AAA | 9.5 |
AA | 24.0 |
A | 43.3 |
BBB | 16.9 |
Not Rated | 6.9 |
QUALITY DIVERSIFICATION (% of Fund's net assets) |
Short-Term Investments and Net Other Assets (Liabilities) - (0.6)%* |
We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes. |
TOP STATES (% of Fund's net assets) | |
New York | 11.9 |
Alabama | 10.9 |
Texas | 6.5 |
Georgia | 6.3 |
Pennsylvania | 5.9 |
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec 1.9914471.100 6539-TSRS-0924 |
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF JULY 31, 2024 | ||
| Fidelity® Series Large Cap Value Index Fund Fidelity® Series Large Cap Value Index Fund : FIOOX | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Fidelity® Series Large Cap Value Index Fund | $ 0 A | 0.00%B |
KEY FACTS | ||
Fund Size | $7,470,689,468 | |
Number of Holdings | 877 | |
Portfolio Turnover | 42% |
(as of July 31, 2024)
MARKET SECTORS (% of Fund's net assets) | ||
Financials | 21.3 | |
Health Care | 15.8 | |
Industrials | 14.5 | |
Information Technology | 9.0 | |
Consumer Staples | 7.7 | |
Energy | 7.4 | |
Consumer Discretionary | 6.1 | |
Real Estate | 4.7 | |
Materials | 4.6 | |
Utilities | 4.5 | |
Communication Services | 4.1 | |
Common Stocks | 99.7 |
Short-Term Investments and Net Other Assets (Liabilities) | 0.3 |
ASSET ALLOCATION (% of Fund's net assets) |
United States | 99.0 |
Ireland | 0.8 |
Canada | 0.1 |
United Kingdom | 0.1 |
Bermuda | 0.0 |
Belgium | 0.0 |
Puerto Rico | 0.0 |
Brazil | 0.0 |
Luxembourg | 0.0 |
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets) |
TOP HOLDINGS (% of Fund's net assets) | ||
Berkshire Hathaway Inc Class B | 3.3 | |
JPMorgan Chase & Co | 2.6 | |
Exxon Mobil Corp | 2.3 | |
UnitedHealth Group Inc | 2.1 | |
Johnson & Johnson | 1.7 | |
Walmart Inc | 1.3 | |
Procter & Gamble Co/The | 1.3 | |
Chevron Corp | 1.2 | |
Bank of America Corp | 1.2 | |
Thermo Fisher Scientific Inc | 1.0 | |
18.0 | ||
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec 1.9914436.100 2612-TSRS-0924 |
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF JULY 31, 2024 | ||
| Fidelity® Tax-Free Bond Fund Fidelity® Tax-Free Bond Fund : FTABX | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Fidelity® Tax-Free Bond Fund | $ 12 | 0.25% |
KEY FACTS | ||
Fund Size | $3,417,882,452 | |
Number of Holdings | 1,288 | |
Portfolio Turnover | 6% |
(as of July 31, 2024)
REVENUE SOURCES (% of Fund's net assets) | ||
General Obligations | 23.0 | |
Health Care | 22.4 | |
Transportation | 15.0 | |
Special Tax | 9.6 | |
Education | 8.9 | |
Electric Utilities | 7.0 | |
State G.O. | 6.0 | |
Others(Individually Less Than 5%) | 8.1 | |
100.0 | ||
AAA | 5.6 |
AA | 30.5 |
A | 47.4 |
BBB | 9.2 |
BB | 1.1 |
B | 0.5 |
CCC,CC,C | 0.0 |
Not Rated | 4.4 |
Short-Term Investments and Net Other Assets (Liabilities) | 1.3 |
QUALITY DIVERSIFICATION (% of Fund's net assets) |
We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes. |
TOP STATES (% of Fund's net assets) | |
Illinois | 13.2 |
New York | 8.1 |
Texas | 7.4 |
New Jersey | 6.5 |
Pennsylvania | 6.1 |
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec 1.9914432.100 90-TSRS-0924 |
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF JULY 31, 2024 | ||
| Fidelity® Sustainable Intermediate Municipal Income Fund Fidelity Advisor® Sustainable Intermediate Municipal Income Fund Class A : FASJX | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Class A | $ 31 | 0.62% |
KEY FACTS | ||
Fund Size | $15,835,114 | |
Number of Holdings | 249 | |
Portfolio Turnover | 15% |
(as of July 31, 2024)
REVENUE SOURCES (% of Fund's net assets) | ||
Health Care | 21.2 | |
General Obligations | 21.1 | |
Education | 16.3 | |
Electric Utilities | 9.6 | |
Housing | 8.1 | |
State G.O. | 6.7 | |
Special Tax | 5.6 | |
Others(Individually Less Than 5%) | 11.4 | |
100.0 | ||
AAA | 8.9 |
AA | 41.8 |
A | 32.1 |
BBB | 17.0 |
BB | 0.3 |
Not Rated | 0.1 |
QUALITY DIVERSIFICATION (% of Fund's net assets) |
Short-Term Investments and Net Other Assets (Liabilities) - (0.2)%* |
We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes. |
TOP STATES (% of Fund's net assets) | |
New York | 9.1 |
Illinois | 8.3 |
California | 7.0 |
Florida | 5.7 |
Georgia | 5.6 |
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec 1.9914465.100 6533-TSRS-0924 |
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF JULY 31, 2024 | ||
| Fidelity® Sustainable Intermediate Municipal Income Fund Fidelity Advisor® Sustainable Intermediate Municipal Income Fund Class C : FASNX | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Class C | $ 68 | 1.37% |
KEY FACTS | ||
Fund Size | $15,835,114 | |
Number of Holdings | 249 | |
Portfolio Turnover | 15% |
(as of July 31, 2024)
REVENUE SOURCES (% of Fund's net assets) | ||
Health Care | 21.2 | |
General Obligations | 21.1 | |
Education | 16.3 | |
Electric Utilities | 9.6 | |
Housing | 8.1 | |
State G.O. | 6.7 | |
Special Tax | 5.6 | |
Others(Individually Less Than 5%) | 11.4 | |
100.0 | ||
AAA | 8.9 |
AA | 41.8 |
A | 32.1 |
BBB | 17.0 |
BB | 0.3 |
Not Rated | 0.1 |
QUALITY DIVERSIFICATION (% of Fund's net assets) |
Short-Term Investments and Net Other Assets (Liabilities) - (0.2)%* |
We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes. |
TOP STATES (% of Fund's net assets) | |
New York | 9.1 |
Illinois | 8.3 |
California | 7.0 |
Florida | 5.7 |
Georgia | 5.6 |
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec 1.9914466.100 6534-TSRS-0924 |
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF JULY 31, 2024 | ||
| Fidelity® Municipal Core Plus Bond Fund Fidelity Advisor® Municipal Core Plus Bond Fund Class A : FMBMX | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Class A | $ 31 | 0.62% |
KEY FACTS | ||
Fund Size | $59,223,606 | |
Number of Holdings | 315 | |
Portfolio Turnover | 30% |
(as of July 31, 2024)
REVENUE SOURCES (% of Fund's net assets) | ||
Health Care | 19.7 | |
General Obligations | 16.9 | |
Transportation | 12.2 | |
Education | 11.3 | |
Housing | 7.4 | |
State G.O. | 7.0 | |
Special Tax | 6.5 | |
Others(Individually Less Than 5%) | 19.0 | |
100.0 | ||
AAA | 8.1 |
AA | 30.2 |
A | 30.9 |
BBB | 20.6 |
BB | 0.6 |
B | 0.5 |
Not Rated | 5.4 |
Short-Term Investments and Net Other Assets (Liabilities) | 3.7 |
QUALITY DIVERSIFICATION (% of Fund's net assets) |
We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes. |
TOP STATES (% of Fund's net assets) | |
Illinois | 10.4 |
New Jersey | 8.6 |
Florida | 6.1 |
Alabama | 5.4 |
Connecticut | 5.3 |
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec 1.9914481.100 7331-TSRS-0924 |
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF JULY 31, 2024 | ||
| Fidelity® Municipal Core Plus Bond Fund Fidelity Advisor® Municipal Core Plus Bond Fund Class M : FMBFX | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Class M | $ 31 | 0.62% |
KEY FACTS | ||
Fund Size | $59,223,606 | |
Number of Holdings | 315 | |
Portfolio Turnover | 30% |
(as of July 31, 2024)
REVENUE SOURCES (% of Fund's net assets) | ||
Health Care | 19.7 | |
General Obligations | 16.9 | |
Transportation | 12.2 | |
Education | 11.3 | |
Housing | 7.4 | |
State G.O. | 7.0 | |
Special Tax | 6.5 | |
Others(Individually Less Than 5%) | 19.0 | |
100.0 | ||
AAA | 8.1 |
AA | 30.2 |
A | 30.9 |
BBB | 20.6 |
BB | 0.6 |
B | 0.5 |
Not Rated | 5.4 |
Short-Term Investments and Net Other Assets (Liabilities) | 3.7 |
QUALITY DIVERSIFICATION (% of Fund's net assets) |
We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes. |
TOP STATES (% of Fund's net assets) | |
Illinois | 10.4 |
New Jersey | 8.6 |
Florida | 6.1 |
Alabama | 5.4 |
Connecticut | 5.3 |
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec 1.9914483.100 7333-TSRS-0924 |
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF JULY 31, 2024 | ||
| Fidelity® SAI Tax-Free Bond Fund Fidelity® SAI Tax-Free Bond Fund : FSAJX | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Fidelity® SAI Tax-Free Bond Fund | $ 12 | 0.25% |
KEY FACTS | ||
Fund Size | $2,692,523,796 | |
Number of Holdings | 1,279 | |
Portfolio Turnover | 7% |
(as of July 31, 2024)
REVENUE SOURCES (% of Fund's net assets) | ||
General Obligations | 20.3 | |
Health Care | 19.6 | |
Special Tax | 12.9 | |
Transportation | 10.8 | |
Education | 10.3 | |
Housing | 9.0 | |
State G.O. | 6.7 | |
Others(Individually Less Than 5%) | 10.4 | |
100.0 | ||
AAA | 7.5 |
AA | 35.7 |
A | 40.4 |
BBB | 9.5 |
BB | 0.6 |
B | 0.4 |
CCC,CC,C | 0.1 |
Not Rated | 3.6 |
Short-Term Investments and Net Other Assets (Liabilities) | 2.2 |
QUALITY DIVERSIFICATION (% of Fund's net assets) |
We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes. |
TOP STATES (% of Fund's net assets) | |
New York | 14.3 |
Illinois | 13.3 |
Texas | 8.5 |
New Jersey | 5.9 |
Pennsylvania | 4.7 |
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec 1.9914438.100 3090-TSRS-0924 |
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF JULY 31, 2024 | ||
| Fidelity® Sustainable Intermediate Municipal Income Fund Fidelity® Sustainable Intermediate Municipal Income Fund : FSIKX | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Fidelity® Sustainable Intermediate Municipal Income Fund | $ 18 | 0.37% |
KEY FACTS | ||
Fund Size | $15,835,114 | |
Number of Holdings | 249 | |
Portfolio Turnover | 15% |
(as of July 31, 2024)
REVENUE SOURCES (% of Fund's net assets) | ||
Health Care | 21.2 | |
General Obligations | 21.1 | |
Education | 16.3 | |
Electric Utilities | 9.6 | |
Housing | 8.1 | |
State G.O. | 6.7 | |
Special Tax | 5.6 | |
Others(Individually Less Than 5%) | 11.4 | |
100.0 | ||
AAA | 8.9 |
AA | 41.8 |
A | 32.1 |
BBB | 17.0 |
BB | 0.3 |
Not Rated | 0.1 |
QUALITY DIVERSIFICATION (% of Fund's net assets) |
Short-Term Investments and Net Other Assets (Liabilities) - (0.2)%* |
We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes. |
TOP STATES (% of Fund's net assets) | |
New York | 9.1 |
Illinois | 8.3 |
California | 7.0 |
Florida | 5.7 |
Georgia | 5.6 |
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec 1.9914464.100 6532-TSRS-0924 |
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF JULY 31, 2024 | ||
| Fidelity® Sustainable Intermediate Municipal Income Fund Fidelity Advisor® Sustainable Intermediate Municipal Income Fund Class M : FASLX | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Class M | $ 31 | 0.62% |
KEY FACTS | ||
Fund Size | $15,835,114 | |
Number of Holdings | 249 | |
Portfolio Turnover | 15% |
(as of July 31, 2024)
REVENUE SOURCES (% of Fund's net assets) | ||
Health Care | 21.2 | |
General Obligations | 21.1 | |
Education | 16.3 | |
Electric Utilities | 9.6 | |
Housing | 8.1 | |
State G.O. | 6.7 | |
Special Tax | 5.6 | |
Others(Individually Less Than 5%) | 11.4 | |
100.0 | ||
AAA | 8.9 |
AA | 41.8 |
A | 32.1 |
BBB | 17.0 |
BB | 0.3 |
Not Rated | 0.1 |
QUALITY DIVERSIFICATION (% of Fund's net assets) |
Short-Term Investments and Net Other Assets (Liabilities) - (0.2)%* |
We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes. |
TOP STATES (% of Fund's net assets) | |
New York | 9.1 |
Illinois | 8.3 |
California | 7.0 |
Florida | 5.7 |
Georgia | 5.6 |
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec 1.9914467.100 6535-TSRS-0924 |
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF JULY 31, 2024 | ||
| Fidelity® Municipal Core Plus Bond Fund Fidelity Advisor® Municipal Core Plus Bond Fund Class I : FMBGX | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Class I | $ 18 | 0.37% |
KEY FACTS | ||
Fund Size | $59,223,606 | |
Number of Holdings | 315 | |
Portfolio Turnover | 30% |
(as of July 31, 2024)
REVENUE SOURCES (% of Fund's net assets) | ||
Health Care | 19.7 | |
General Obligations | 16.9 | |
Transportation | 12.2 | |
Education | 11.3 | |
Housing | 7.4 | |
State G.O. | 7.0 | |
Special Tax | 6.5 | |
Others(Individually Less Than 5%) | 19.0 | |
100.0 | ||
AAA | 8.1 |
AA | 30.2 |
A | 30.9 |
BBB | 20.6 |
BB | 0.6 |
B | 0.5 |
Not Rated | 5.4 |
Short-Term Investments and Net Other Assets (Liabilities) | 3.7 |
QUALITY DIVERSIFICATION (% of Fund's net assets) |
We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes. |
TOP STATES (% of Fund's net assets) | |
Illinois | 10.4 |
New Jersey | 8.6 |
Florida | 6.1 |
Alabama | 5.4 |
Connecticut | 5.3 |
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec 1.9914484.100 7334-TSRS-0924 |
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF JULY 31, 2024 | ||
| Fidelity® Municipal Core Plus Bond Fund Fidelity Advisor® Municipal Core Plus Bond Fund Class Z : FMBHX | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Class Z | $ 15 | 0.31% |
KEY FACTS | ||
Fund Size | $59,223,606 | |
Number of Holdings | 315 | |
Portfolio Turnover | 30% |
(as of July 31, 2024)
REVENUE SOURCES (% of Fund's net assets) | ||
Health Care | 19.7 | |
General Obligations | 16.9 | |
Transportation | 12.2 | |
Education | 11.3 | |
Housing | 7.4 | |
State G.O. | 7.0 | |
Special Tax | 6.5 | |
Others(Individually Less Than 5%) | 19.0 | |
100.0 | ||
AAA | 8.1 |
AA | 30.2 |
A | 30.9 |
BBB | 20.6 |
BB | 0.6 |
B | 0.5 |
Not Rated | 5.4 |
Short-Term Investments and Net Other Assets (Liabilities) | 3.7 |
QUALITY DIVERSIFICATION (% of Fund's net assets) |
We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes. |
TOP STATES (% of Fund's net assets) | |
Illinois | 10.4 |
New Jersey | 8.6 |
Florida | 6.1 |
Alabama | 5.4 |
Connecticut | 5.3 |
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec 1.9914485.100 7335-TSRS-0924 |
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF JULY 31, 2024 | ||
| Fidelity® SAI Conservative Income Municipal Bond Fund Fidelity® SAI Conservative Income Municipal Bond Fund : FSMJX | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Fidelity® SAI Conservative Income Municipal Bond Fund | $ 10 | 0.20% |
KEY FACTS | ||
Fund Size | $1,388,464,065 | |
Number of Holdings | 626 | |
Portfolio Turnover | 61% |
(as of July 31, 2024)
REVENUE SOURCES (% of Fund's net assets) | ||
Synthetics | 23.9 | |
General Obligations | 16.3 | |
Resource Recovery | 9.8 | |
Transportation | 8.8 | |
Industrial Development | 8.6 | |
Health Care | 8.4 | |
Electric Utilities | 8.0 | |
Housing | 5.4 | |
Others(Individually Less Than 5%) | 10.8 | |
100.0 | ||
AAA | 12.4 |
AA | 22.4 |
A | 40.2 |
BBB | 17.8 |
Not Rated | 6.3 |
Short-Term Investments and Net Other Assets (Liabilities) | 0.9 |
QUALITY DIVERSIFICATION (% of Fund's net assets) |
We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes. |
TOP STATES (% of Fund's net assets) | |
Texas | 12.1 |
California | 9.2 |
Florida | 7.9 |
Pennsylvania | 6.6 |
Arizona | 6.0 |
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec 1.9914487.100 7554-TSRS-0924 |
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF JULY 31, 2024 | ||
| Fidelity® Sustainable Intermediate Municipal Income Fund Fidelity Advisor® Sustainable Intermediate Municipal Income Fund Class Z : FASVX | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Class Z | $ 15 | 0.31% |
KEY FACTS | ||
Fund Size | $15,835,114 | |
Number of Holdings | 249 | |
Portfolio Turnover | 15% |
(as of July 31, 2024)
REVENUE SOURCES (% of Fund's net assets) | ||
Health Care | 21.2 | |
General Obligations | 21.1 | |
Education | 16.3 | |
Electric Utilities | 9.6 | |
Housing | 8.1 | |
State G.O. | 6.7 | |
Special Tax | 5.6 | |
Others(Individually Less Than 5%) | 11.4 | |
100.0 | ||
AAA | 8.9 |
AA | 41.8 |
A | 32.1 |
BBB | 17.0 |
BB | 0.3 |
Not Rated | 0.1 |
QUALITY DIVERSIFICATION (% of Fund's net assets) |
Short-Term Investments and Net Other Assets (Liabilities) - (0.2)%* |
We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes. |
TOP STATES (% of Fund's net assets) | |
New York | 9.1 |
Illinois | 8.3 |
California | 7.0 |
Florida | 5.7 |
Georgia | 5.6 |
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec 1.9914469.100 6537-TSRS-0924 |
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF JULY 31, 2024 | ||
| Fidelity® SAI Sustainable Municipal Income Fund Fidelity® SAI Sustainable Municipal Income Fund : FASWX | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Fidelity® SAI Sustainable Municipal Income Fund | $ 18 | 0.36% |
KEY FACTS | ||
Fund Size | $26,698,208 | |
Number of Holdings | 280 | |
Portfolio Turnover | 0%A |
(as of July 31, 2024)
REVENUE SOURCES (% of Fund's net assets) | ||
General Obligations | 31.0 | |
Health Care | 22.7 | |
Education | 15.9 | |
Water & Sewer | 9.4 | |
Special Tax | 6.4 | |
Electric Utilities | 5.0 | |
Others(Individually Less Than 5%) | 9.6 | |
100.0 | ||
AAA | 7.6 |
AA | 50.7 |
A | 30.1 |
BBB | 12.1 |
BB | 0.2 |
Not Rated | 0.2 |
QUALITY DIVERSIFICATION (% of Fund's net assets) |
Short-Term Investments and Net Other Assets (Liabilities) - (0.9)%* |
We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes. |
TOP STATES (% of Fund's net assets) | |
California | 12.6 |
Florida | 9.6 |
New York | 8.5 |
Massachusetts | 8.5 |
Illinois | 6.7 |
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec 1.9914470.100 6538-TSRS-0924 |
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF JULY 31, 2024 | ||
| Fidelity® Municipal Core Plus Bond Fund Fidelity Advisor® Municipal Core Plus Bond Fund Class C : FMBEX | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Class C | $ 68 | 1.37% |
KEY FACTS | ||
Fund Size | $59,223,606 | |
Number of Holdings | 315 | |
Portfolio Turnover | 30% |
(as of July 31, 2024)
REVENUE SOURCES (% of Fund's net assets) | ||
Health Care | 19.7 | |
General Obligations | 16.9 | |
Transportation | 12.2 | |
Education | 11.3 | |
Housing | 7.4 | |
State G.O. | 7.0 | |
Special Tax | 6.5 | |
Others(Individually Less Than 5%) | 19.0 | |
100.0 | ||
AAA | 8.1 |
AA | 30.2 |
A | 30.9 |
BBB | 20.6 |
BB | 0.6 |
B | 0.5 |
Not Rated | 5.4 |
Short-Term Investments and Net Other Assets (Liabilities) | 3.7 |
QUALITY DIVERSIFICATION (% of Fund's net assets) |
We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes. |
TOP STATES (% of Fund's net assets) | |
Illinois | 10.4 |
New Jersey | 8.6 |
Florida | 6.1 |
Alabama | 5.4 |
Connecticut | 5.3 |
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec 1.9914482.100 7332-TSRS-0924 |
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF JULY 31, 2024 | ||
| Fidelity® Sustainable Intermediate Municipal Income Fund Fidelity Advisor® Sustainable Intermediate Municipal Income Fund Class I : FASUX | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Class I | $ 18 | 0.37% |
KEY FACTS | ||
Fund Size | $15,835,114 | |
Number of Holdings | 249 | |
Portfolio Turnover | 15% |
(as of July 31, 2024)
REVENUE SOURCES (% of Fund's net assets) | ||
Health Care | 21.2 | |
General Obligations | 21.1 | |
Education | 16.3 | |
Electric Utilities | 9.6 | |
Housing | 8.1 | |
State G.O. | 6.7 | |
Special Tax | 5.6 | |
Others(Individually Less Than 5%) | 11.4 | |
100.0 | ||
AAA | 8.9 |
AA | 41.8 |
A | 32.1 |
BBB | 17.0 |
BB | 0.3 |
Not Rated | 0.1 |
QUALITY DIVERSIFICATION (% of Fund's net assets) |
Short-Term Investments and Net Other Assets (Liabilities) - (0.2)%* |
We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes. |
TOP STATES (% of Fund's net assets) | |
New York | 9.1 |
Illinois | 8.3 |
California | 7.0 |
Florida | 5.7 |
Georgia | 5.6 |
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec 1.9914468.100 6536-TSRS-0924 |
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF JULY 31, 2024 | ||
| Fidelity® Municipal Core Plus Bond Fund Fidelity® Municipal Core Plus Bond Fund : FMBAX | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Fidelity® Municipal Core Plus Bond Fund | $ 18 | 0.37% |
KEY FACTS | ||
Fund Size | $59,223,606 | |
Number of Holdings | 315 | |
Portfolio Turnover | 30% |
(as of July 31, 2024)
REVENUE SOURCES (% of Fund's net assets) | ||
Health Care | 19.7 | |
General Obligations | 16.9 | |
Transportation | 12.2 | |
Education | 11.3 | |
Housing | 7.4 | |
State G.O. | 7.0 | |
Special Tax | 6.5 | |
Others(Individually Less Than 5%) | 19.0 | |
100.0 | ||
AAA | 8.1 |
AA | 30.2 |
A | 30.9 |
BBB | 20.6 |
BB | 0.6 |
B | 0.5 |
Not Rated | 5.4 |
Short-Term Investments and Net Other Assets (Liabilities) | 3.7 |
QUALITY DIVERSIFICATION (% of Fund's net assets) |
We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes. |
TOP STATES (% of Fund's net assets) | |
Illinois | 10.4 |
New Jersey | 8.6 |
Florida | 6.1 |
Alabama | 5.4 |
Connecticut | 5.3 |
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec 1.9914480.100 7330-TSRS-0924 |
Item 2.
Code of Ethics
Not applicable.
Item 3.
Audit Committee Financial Expert
Not applicable.
Item 4.
Principal Accountant Fees and Services
Not applicable.
Item 5.
Audit Committee of Listed Registrants
Not applicable.
Item 6.
Investments
(a)
Not applicable.
(b)
Not applicable
Item 7.
Financial Statements and Financial Highlights for Open-End Management Investment Companies
Contents
Municipal Bonds - 90.5% | |||
Principal Amount (a) | Value ($) | ||
Alabama - 1.6% | |||
Black Belt Energy Gas District Bonds Series 2022 F, 5.5%, tender 12/1/28 (b) | 100,000 | 106,345 | |
Homewood Ala Edl. Bldg. Auth. Lea (CHF - Horizons II, L.L.C. Student Hsg. & Proj. at Samford Univ.) Series 2024 A, 5.5% 10/1/54 | 100,000 | 105,228 | |
Southeast Energy Auth. Coop. Dis Bonds (Proj. No. 6) Series 2023 B, 5%, tender 6/1/30 (b) | 110,000 | 116,502 | |
Southeast Energy Auth. Rev. Bonds Series 2022 A1, 5.5%, tender 12/1/29 (b) | 100,000 | 107,459 | |
TOTAL ALABAMA | 435,534 | ||
Arizona - 2.8% | |||
Arizona Indl. Dev. Auth. Rev. Series 2019 2, 3.625% 5/20/33 | 91,312 | 86,649 | |
Chandler Indl. Dev. Auth. Indl. Dev. Rev. Bonds (Intel Corp. Proj.) Series 2007, 4.1%, tender 6/15/28 (b)(c) | 120,000 | 121,562 | |
Goodyear Ariz Series 2016, 3% 7/1/37 | 25,000 | 22,736 | |
Maricopa County Indl. Dev. Auth. Series 2024 D, 5% 12/1/38 (d) | 100,000 | 110,670 | |
Phoenix Civic Impt. Corp. Wtr. Sys. Rev. Series 2021 A, 5% 7/1/45 | 195,000 | 211,595 | |
Salt Verde Finl. Corp. Sr. Gas Rev. Series 2007 1, 5% 12/1/32 | 170,000 | 183,397 | |
TOTAL ARIZONA | 736,609 | ||
California - 12.6% | |||
California Edl. Facilities Auth. Rev. Series T1, 5% 3/15/39 | 30,000 | 36,816 | |
California Gen. Oblig. Series 2023, 5% 9/1/30 | 1,000,000 | 1,121,641 | |
California Hsg. Fin. Agcy. Series 2021 1, 3.5% 11/20/35 | 94,950 | 91,077 | |
California Infrastructure and Econ. Dev. Bank Rev. Series 2017, 5% 5/15/47 | 25,000 | 26,192 | |
California Muni. Fin. Auth. Rev.: | |||
(Pomona College Proj.) Series 2017, 5% 1/1/33 (Pre-Refunded to 1/1/28 @ 100) | 25,000 | 26,912 | |
Series 2017 A, 3.5% 6/1/34 | 10,000 | 9,711 | |
Series 2018: | |||
5% 10/1/25 | 15,000 | 15,212 | |
5% 10/1/35 | 5,000 | 5,229 | |
California Muni. Fin. Auth. Solid Waste Disp. Rev. Bonds Series 2023 A, 4.375%, tender 9/1/33 (b)(c) | 120,000 | 125,653 | |
California Statewide Cmntys. Dev. Auth. Rev. Series 2016, 5% 10/1/33 | 20,000 | 20,368 | |
Elk Grove Unified School Distr. Ctfs. of Prtn. (Cap. Facilities Proj.) Series 2016, 3% 2/1/34 | 15,000 | 14,031 | |
Fontana Unified School District Gen. Oblig. Series 2008, 0% 8/1/30 (Assured Guaranty Muni. Corp. Insured) | 125,000 | 102,053 | |
Los Angeles Dept. of Wtr. & Pwr. Wtrwks. Rev.: | |||
Series 2017 A, 5% 7/1/32 | 10,000 | 10,463 | |
Series 2020 A, 5% 7/1/40 | 400,000 | 439,834 | |
Series 2020 B, 4% 7/1/29 | 55,000 | 58,293 | |
Los Angeles Unified School District Series 2024 A, 5% 7/1/30 | 250,000 | 280,244 | |
Poway Unified School District: | |||
Series 2009, 0% 8/1/31 | 110,000 | 87,618 | |
Series B, 0% 8/1/39 | 100,000 | 56,866 | |
San Diego Unified School District: | |||
(Convention Ctr. Proj.) Series 2012, 0% 7/1/45 | 10,000 | 4,267 | |
Series 2010 C, 0% 7/1/44 | 100,000 | 44,566 | |
San Jose Evergreen Cmnty. College District Series 2016 B, 3% 9/1/36 | 20,000 | 18,633 | |
San Mateo County Joint Powers Fing. Auth. Series 2021 A1, 3% 6/15/46 | 25,000 | 20,654 | |
Sanger Unified School District Series 2018 C, 3% 8/1/48 | 200,000 | 160,547 | |
Santa Clara County Fing. Auth. Lease Rev. Series 2019 A, 3% 5/1/37 | 300,000 | 277,278 | |
Univ. of California Revs.: | |||
Series 2015 I, 5% 5/15/27 | 300,000 | 304,441 | |
Series 2020 BE, 5% 5/15/42 | 10,000 | 10,917 | |
TOTAL CALIFORNIA | 3,369,516 | ||
Colorado - 0.9% | |||
Colorado Ctfs. of Prtn. Series 2020 A, 4% 12/15/38 | 10,000 | 10,240 | |
Colorado Health Facilities Auth. Rev. Bonds: | |||
Series 2019 A1, 5% 8/1/36 | 15,000 | 16,048 | |
Series 2019 A2: | |||
5% 8/1/33 | 125,000 | 134,257 | |
5% 8/1/39 | 10,000 | 10,565 | |
Series 2021 A, 3% 11/15/51 | 100,000 | 76,874 | |
TOTAL COLORADO | 247,984 | ||
Connecticut - 3.2% | |||
Connecticut Gen. Oblig.: | |||
Series 2019 A, 5% 4/15/33 | 30,000 | 32,484 | |
Series 2021 B, 4% 6/1/34 | 10,000 | 10,480 | |
Series 2021 D, 5% 7/15/28 | 75,000 | 80,935 | |
Connecticut Health & Edl. Facilities Auth. Rev.: | |||
Bonds Series 2010 A3, 2.95%, tender 7/1/27 (b) | 150,000 | 148,703 | |
Series 2017 R, 3.25% 7/1/35 | 125,000 | 118,619 | |
Series 2022 M, 4% 7/1/52 | 50,000 | 47,067 | |
Connecticut Hsg. Fin. Auth. Series 2021 D1, 5% 11/15/28 | 25,000 | 26,611 | |
Connecticut Spl. Tax Oblig. Trans. Infrastructure Rev.: | |||
Series 2016 A, 5% 9/1/28 | 150,000 | 155,620 | |
Series 2021 A, 4% 5/1/36 | 130,000 | 134,857 | |
Series A, 5% 5/1/29 | 15,000 | 16,418 | |
South Central Reg'l. Wtr. Auth. Wtr. Sys. Rev. Series 32 B, 5% 8/1/32 | 25,000 | 25,918 | |
Univ. of Connecticut Gen. Oblig. Series 2016 A, 3% 3/15/34 | 15,000 | 13,685 | |
Univ. of Connecticut Rev. Series 2018 A, 3.625% 11/15/36 | 30,000 | 29,558 | |
TOTAL CONNECTICUT | 840,955 | ||
District Of Columbia - 1.2% | |||
District of Columbia Univ. Rev. Series 2017, 5% 4/1/33 | 10,000 | 10,331 | |
Washington Metropolitan Area Transit Auth. Series 2024 A, 5% 7/15/56 | 300,000 | 321,470 | |
TOTAL DISTRICT OF COLUMBIA | 331,801 | ||
Florida - 5.5% | |||
Broward County School Board Ctfs. of Prtn.: | |||
Series 2015 A, 5% 7/1/26 | 30,000 | 30,444 | |
Series 2020 A, 5% 7/1/33 | 30,000 | 32,925 | |
Escambia County Health Facilities Auth. Health Facilities Rev. Series 2020 A, 5% 8/15/34 | 195,000 | 202,490 | |
Florida Dev. Fin. Corp. Rev. (Brightline Florida Passenger Rail Proj.) Series 2024: | |||
5.25% 7/1/53 (Assured Guaranty Muni. Corp. Insured) (c) | 250,000 | 260,905 | |
5.5% 7/1/53 (c) | 250,000 | 259,632 | |
Florida Higher Edl. Facilities Fing. Auth. (Rollins College Proj.) Series 2020 A, 3% 12/1/48 | 50,000 | 38,400 | |
Halifax Hosp. Med. Ctr. Rev. Series 2016, 3.75% 6/1/41 | 125,000 | 112,700 | |
Hernando County School Board Ctfs. (School Board of Hernando County, Florida Master Lease Prog.) Series 2016 A, 3% 7/1/35 (Assured Guaranty Muni. Corp. Insured) | 45,000 | 41,022 | |
Jacksonville Trans. Rev. Series 2015: | |||
3.5% 10/1/36 | 30,000 | 29,000 | |
3.5% 10/1/37 | 15,000 | 14,427 | |
JEA Wtr. & Swr. Sys. Rev. Series 2017 A, 5% 10/1/29 | 25,000 | 26,470 | |
Lakeland Hosp. Sys. Rev. Series 2016, 5% 11/15/29 | 15,000 | 15,456 | |
Miami-Dade County Health Facilities Auth. Hosp. Rev. (Nicklaus Children's Hosp. Proj.) Series 2021 A, 5% 8/1/30 | 40,000 | 42,689 | |
Miami-Dade County Wtr. & Swr. Rev. Series 2017 B, 5% 10/1/27 | 55,000 | 58,384 | |
Palm Beach County Health Facilities Auth. Hosp. Rev. (Jupiter Med. Ctr. Proj.) Series 2022, 5% 11/1/35 | 150,000 | 158,426 | |
Palm Beach County School Board Ctfs. of Prtn. Series 2021 A, 5% 8/1/38 | 130,000 | 144,862 | |
TOTAL FLORIDA | 1,468,232 | ||
Georgia - 3.5% | |||
Burke County Indl. Dev. Auth. Poll. Cont. Rev. Bonds (Georgia Pwr. Co. Plant Vogtle Proj.) Series 1995 4, 3.8%, tender 5/21/26 (b) | 300,000 | 302,647 | |
Fulton County Dev. Auth. Rev.: | |||
Series 2019 A, 3% 7/1/44 | 220,000 | 171,127 | |
Series 2019, 5% 6/15/44 | 15,000 | 15,757 | |
Glynn-Brunswick Memorial Hosp. Auth. Rev. (Southeast Georgia Health Sys. Proj.) Series 2017, 4% 8/1/43 | 65,000 | 58,746 | |
Main Street Natural Gas, Inc. Bonds Series 2021 A, 4%, tender 9/1/27 (b) | 100,000 | 100,760 | |
Private Colleges & Univs. Auth. Rev.: | |||
Series 2016 B, 3% 10/1/43 | 225,000 | 182,862 | |
Series 2019 A, 5% 9/1/39 | 100,000 | 107,901 | |
TOTAL GEORGIA | 939,800 | ||
Hawaii - 1.4% | |||
Honolulu City & County Gen. Oblig. Series 2024 A, 5.25% 7/1/49 | 330,000 | 369,212 | |
Illinois - 6.7% | |||
Illinois Fin. Auth. Series 2022 A: | |||
5% 10/1/35 | 150,000 | 156,304 | |
5% 8/15/47 | 70,000 | 73,891 | |
Illinois Fin. Auth. Academic Facilities (Provident Group UIUC Properties LLC Univ. of Illinois at Urbana-Champaign Proj.) Series 2019 A: | |||
5% 10/1/32 | 15,000 | 15,992 | |
5% 10/1/38 | 300,000 | 314,297 | |
Illinois Fin. Auth. Health Svcs. Facility Lease Rev. (Provident Group - UIC Surgery Ctr. LLC - Univ. of Illinois Health Svcs. Facility Proj.) Series 2020, 4% 10/1/55 | 100,000 | 89,029 | |
Illinois Fin. Auth. Rev.: | |||
(Presence Health Proj.) Series 2016 C, 5% 2/15/36 | 30,000 | 31,181 | |
Series 2016 A, 3% 10/1/37 | 205,000 | 177,097 | |
Series 2016 C, 4% 2/15/41 | 70,000 | 68,714 | |
Series 2016, 3.125% 5/15/37 | 60,000 | 54,393 | |
Illinois Gen. Oblig.: | |||
Series 2016, 5% 1/1/35 | 110,000 | 111,704 | |
Series 2017 C, 5% 11/1/29 | 125,000 | 131,265 | |
Series 2021 A, 5% 3/1/46 | 50,000 | 52,835 | |
Series 2023 D, 4% 7/1/37 | 200,000 | 199,973 | |
Series 2024 B, 5% 5/1/40 | 150,000 | 165,836 | |
Illinois Sales Tax Rev. Series 2024 A, 5% 6/15/26 | 150,000 | 155,021 | |
TOTAL ILLINOIS | 1,797,532 | ||
Indiana - 0.2% | |||
Indiana Hsg. & Cmnty. Dev. Auth.: | |||
Series 2021 B, Series 2021 B, 5% 1/1/28 | 15,000 | 15,800 | |
Series A, 5% 7/1/28 | 25,000 | 26,475 | |
TOTAL INDIANA | 42,275 | ||
Iowa - 0.6% | |||
Iowa Student Ln. Liquidity Corp. Student Ln. Rev. Series 2023 B, 5% 12/1/33 (c) | 155,000 | 166,342 | |
Kentucky - 0.8% | |||
Ashland Med. Ctr. Rev. Series 2019: | |||
3% 2/1/40 (Assured Guaranty Muni. Corp. Insured) | 20,000 | 17,109 | |
4% 2/1/33 | 50,000 | 49,382 | |
Kentucky Bond Dev. Corp. Edl. Facilities Series 2021, 4% 6/1/35 | 20,000 | 20,274 | |
Kentucky Econ. Dev. Fin. Auth. Hosp. Rev. Series 2017 A: | |||
5% 6/1/26 | 20,000 | 20,277 | |
5% 6/1/31 | 60,000 | 61,577 | |
Kentucky State Property & Buildings Commission Rev. Series A, 5% 11/1/33 | 20,000 | 21,327 | |
Kentucky, Inc. Pub. Energy Bonds Series 2024 A, 5%, tender 7/1/30 (b) | 30,000 | 31,788 | |
TOTAL KENTUCKY | 221,734 | ||
Louisiana - 1.2% | |||
Louisiana Pub. Facilities Auth. Hosp. Rev. Series 2020 A, 3% 6/1/50 (Assured Guaranty Muni. Corp. Insured) | 415,000 | 327,168 | |
Maine - 1.2% | |||
Maine Health & Higher Edl. Facilities Auth. Rev.: | |||
Series 2017 B: | |||
5% 7/1/28 | 30,000 | 31,317 | |
5% 7/1/29 | 10,000 | 10,409 | |
Series 2018 A, 5% 7/1/30 | 250,000 | 265,736 | |
TOTAL MAINE | 307,462 | ||
Maryland - 0.6% | |||
Baltimore Proj. Rev. (Wastewtr. Projs.) Series 2017 B, 5% 7/1/32 | 25,000 | 25,954 | |
Maryland Dept. of Trans.: | |||
Series 2016, 4% 9/1/27 | 10,000 | 10,325 | |
Series 2020, 5% 10/1/33 | 10,000 | 11,105 | |
Series 2021 A, 2% 10/1/34 | 10,000 | 8,158 | |
Maryland Health & Higher Edl. Series 2024, 5.25% 6/1/44 | 60,000 | 63,410 | |
Montgomery County Gen. Oblig. Ctfs. of Prtn. Series 2020 A, 5% 10/1/27 | 15,000 | 15,975 | |
Univ. of Maryland Sys. Auxiliary Facility & Tuition Rev. Series 2016 A, 3% 4/1/35 | 15,000 | 14,070 | |
TOTAL MARYLAND | 148,997 | ||
Massachusetts - 8.5% | |||
Arlington Gen. Oblig. Series 2021: | |||
2% 9/15/31 | 65,000 | 57,085 | |
2% 9/15/35 | 100,000 | 81,918 | |
2% 9/15/36 | 165,000 | 132,538 | |
Billerica Gen. Oblig. Series 2017, 3.25% 2/1/36 | 10,000 | 9,735 | |
Foxborough Gen. Oblig. Series 2016, 3% 5/15/46 | 25,000 | 20,648 | |
Lunenburg Gen. Oblig. Series 2015, 3.125% 1/15/39 | 25,000 | 23,402 | |
Massachusetts Bay Trans. Auth. Sales Tax Rev. Series 2021 A1, 5% 7/1/35 | 45,000 | 50,220 | |
Massachusetts Commonwealth Trans. Fund Rev. (Rail Enhancement & Accelerated Bridge Programs) Series 2019 A, 5% 6/1/49 | 215,000 | 225,877 | |
Massachusetts Dev. Fin. Agcy. Rev.: | |||
(Partners Healthcare Sys., Inc. Proj.) Series 2017 S, 5% 7/1/32 | 15,000 | 15,858 | |
(Univ. of Massachusetts Health Cr., Inc. Proj.) Series 2017 L, 4% 7/1/44 | 265,000 | 240,155 | |
Bonds Series A1, 5%, tender 1/31/30 (b) | 20,000 | 21,829 | |
Series 2015 O1, 4% 7/1/45 | 50,000 | 47,875 | |
Series 2016 I, 4% 7/1/36 | 75,000 | 71,523 | |
Series 2018 L, 5% 10/1/33 | 35,000 | 36,086 | |
Series 2020 A: | |||
5% 10/15/29 | 30,000 | 33,277 | |
5% 10/15/30 | 25,000 | 28,199 | |
Series 2021 G, 4% 7/1/46 | 75,000 | 69,840 | |
Massachusetts Gen. Oblig.: | |||
Series 2017 A, 5% 4/1/36 | 15,000 | 15,656 | |
Series 2017 D, 5% 7/1/27 | 25,000 | 26,533 | |
Series 2020 D, 5% 7/1/48 | 10,000 | 10,618 | |
Series D, 5% 7/1/45 | 340,000 | 363,434 | |
Series E, 5% 11/1/45 | 375,000 | 402,350 | |
Massachusetts School Bldg. Auth. Dedicated Sales Tax Rev. Series A: | |||
5% 8/15/34 | 5,000 | 5,579 | |
5% 8/15/45 | 100,000 | 107,236 | |
Massachusetts St Dev. Fin. Agcy. R Series 2024 B, 5% 2/15/34 | 100,000 | 118,098 | |
Univ. of Massachusetts Bldg. Auth. Rev. Series 2021 1, 5% 11/1/32 | 50,000 | 56,404 | |
TOTAL MASSACHUSETTS | 2,271,973 | ||
Michigan - 2.5% | |||
Grand Rapids San. Swr. Sys. Rev.: | |||
Series 2018, 5% 1/1/35 | 15,000 | 15,933 | |
Series 2018, 5% 1/1/29 | 30,000 | 32,100 | |
Great Lakes Wtr. Auth. Wtr. Supply Sys. Rev. Series 2020 B, 5% 7/1/45 | 430,000 | 461,133 | |
Michigan Fin. Auth. Rev.: | |||
(Kalamazoo College Proj.) Series 2018, 4% 12/1/47 | 50,000 | 45,739 | |
Series 2016: | |||
5% 11/15/26 | 20,000 | 20,673 | |
5% 11/15/30 | 30,000 | 30,970 | |
5% 11/15/34 | 15,000 | 15,451 | |
Series 2019 A, 3% 12/1/49 | 40,000 | 31,640 | |
Michigan Hosp. Fin. Auth. Rev. Series 2010 F4, 5% 11/15/47 | 10,000 | 10,518 | |
Univ. of Michigan Rev. Series 2020 A, 5% 4/1/39 | 15,000 | 16,422 | |
TOTAL MICHIGAN | 680,579 | ||
Minnesota - 3.0% | |||
Bemidji City Series 2017 A, 3% 2/1/34 (Assured Guaranty Muni. Corp. Insured) | 10,000 | 9,260 | |
Maple Grove Health Care Sys. Rev. Series 2017, 3.375% 5/1/33 | 50,000 | 45,889 | |
Minneapolis Multi-family Rev. (Gateway Northeast Proj.) Series 2019, 2.46% 1/1/38 | 98,236 | 79,058 | |
Minnesota Agric. & Econ. Dev. Board Rev. Series 2024, 5.25% 1/1/54 | 200,000 | 216,502 | |
Minnesota Gen. Oblig. Series 2019 A, 5% 8/1/30 | 10,000 | 10,977 | |
Minnesota Higher Ed. Facilities Auth. Rev. Series 2024 A, 5% 10/1/49 | 250,000 | 267,075 | |
Minnesota Hsg. Fin. Agcy. Series B, 4% 8/1/36 | 15,000 | 15,437 | |
Saint Cloud Health Care Rev. Series 2016 A, 3% 5/1/32 | 60,000 | 55,428 | |
St. Paul Hsg. & Redev. Auth. Health Care Facilities Rev. Series 2017 A, 3.125% 11/15/32 | 105,000 | 97,124 | |
TOTAL MINNESOTA | 796,750 | ||
Missouri - 0.8% | |||
St Louis County Libr District Ctfs. Series 2016, 3% 4/1/46 | 255,000 | 204,137 | |
Nebraska - 0.7% | |||
Central Plains Energy Proj. Rev. Bonds Series 2019, 4%, tender 8/1/25 (b) | 50,000 | 50,092 | |
Douglas County Hosp. Auth. #2 Health Facilities Rev. Series 2020 A, 5% 11/15/30 | 125,000 | 136,002 | |
TOTAL NEBRASKA | 186,094 | ||
New Hampshire - 0.2% | |||
New Hampshire Health & Ed. Facilities Auth. Series 2023 B, 5.5% 11/1/31 (c) | 50,000 | 54,447 | |
New Jersey - 3.5% | |||
Gloucester County Impt. Auth. Rev. (Rowan Univ. Projs.) Series 2024, 5% 7/1/54 (Build America Mutual Assurance Insured) | 350,000 | 374,912 | |
Mercer County Gen. Oblig. Series 2021: | |||
2% 2/15/32 | 115,000 | 98,260 | |
2.375% 2/15/30 | 15,000 | 13,853 | |
New Jersey Trans. Trust Fund Auth.: | |||
Series 2018 A, 5% 12/15/32 | 100,000 | 106,736 | |
Series 2021 A, 5% 6/15/33 | 95,000 | 105,221 | |
Series 2022 A, 4% 6/15/39 | 50,000 | 50,328 | |
Series 2022 BB, 5% 6/15/31 | 130,000 | 144,923 | |
Series A, 0% 12/15/31 | 50,000 | 38,292 | |
TOTAL NEW JERSEY | 932,525 | ||
New York - 8.5% | |||
Dorm. Auth. New York Univ. Rev. Series 2018 A, 5% 7/1/36 | 10,000 | 10,741 | |
Dutchess County Local Dev. Corp. Rev. (Vassar College Proj.) Series 2020, 5% 7/1/45 | 60,000 | 63,069 | |
Long Island Pwr. Auth. Elec. Sys. Rev.: | |||
Series 2020 A: | |||
5% 9/1/35 | 10,000 | 11,124 | |
5% 9/1/38 | 170,000 | 187,786 | |
Series 2021 A1, 4% 9/1/37 | 75,000 | 77,886 | |
Monroe County Indl. Dev. Corp. (Univ. of Rochester Proj.): | |||
Series 2017 A, 3.875% 7/1/42 | 15,000 | 14,512 | |
Series 2017 D, 4% 7/1/43 | 45,000 | 45,017 | |
New York City Gen. Oblig.: | |||
Series 2008 J11, 5% 8/1/26 | 190,000 | 197,603 | |
Series 2022 A1, 5% 8/1/47 | 290,000 | 311,283 | |
New York Dorm. Auth. Rev.: | |||
Series 2015 A, 3.75% 7/1/46 | 10,000 | 8,778 | |
Series 2022 A: | |||
5% 7/1/29 | 110,000 | 117,848 | |
5% 7/1/34 | 200,000 | 215,985 | |
New York Metropolitan Trans. Auth. Rev.: | |||
Series 2017 C1: | |||
5% 11/15/27 | 20,000 | 21,131 | |
5% 11/15/29 | 50,000 | 53,162 | |
5% 11/15/31 | 135,000 | 143,139 | |
Series 2019 C, 5% 11/15/39 | 70,000 | 74,427 | |
Series 2024 A, 5% 11/15/35 | 20,000 | 22,660 | |
New York State Dorm. Auth.: | |||
Series 2017 A, 5% 2/15/31 | 15,000 | 15,615 | |
Series 2021 E: | |||
3% 3/15/50 | 100,000 | 77,729 | |
5% 3/15/36 | 250,000 | 282,212 | |
New York State Urban Dev. Corp. Series 2020 E, 4% 3/15/35 | 30,000 | 30,822 | |
New York State Urban Eev Corp. Series 2019 A, 5% 3/15/37 | 85,000 | 92,423 | |
Saratoga County Cap. Resources Rev. (Skidmore College Proj.) Series 2020 A, 5% 7/1/45 | 90,000 | 95,924 | |
Suffolk County Gen. Oblig. Series 2017 D, 4% 2/1/28 (Build America Mutual Assurance Insured) | 100,000 | 103,658 | |
TOTAL NEW YORK | 2,274,534 | ||
North Carolina - 0.5% | |||
Charlotte-Mecklenburg Hosp. Auth. Health Care Sys. Rev. Bonds Series 2021 C, 5%, tender 12/1/28 (b) | 25,000 | 26,722 | |
Univ. of North Carolina at Chapel Hill Rev. Series 2021 B, 5% 12/1/38 | 100,000 | 113,517 | |
TOTAL NORTH CAROLINA | 140,239 | ||
Ohio - 1.1% | |||
Allen County Hosp. Facilities Rev. (Mercy Health) Series 2017 A, 5% 8/1/29 | 10,000 | 10,580 | |
Fairfield County Gen. Oblig. Series 2015, 3.5% 12/1/37 | 10,000 | 9,630 | |
Forest Hills Local School District Series 2015, 3.25% 12/1/38 | 15,000 | 13,375 | |
Muskingum County Hosp. Facilities (Genesis Healthcare Sys. Obligated Group Proj.) Series 2013, 5% 2/15/48 | 50,000 | 48,077 | |
Northeast Ohio Reg'l. Swr. District Wastewtr. Rev. Series 2019, 3% 11/15/33 | 20,000 | 18,946 | |
Ohio Gen. Oblig. Series 2019 A, 5% 5/1/30 | 20,000 | 21,029 | |
Ohio Higher Edl. Facility Commission Rev. (Univ. of Dayton Proj.) Series 2018 B, 5% 12/1/29 | 25,000 | 26,464 | |
Ohio Hsg. Fin. Agcy. Residential Mtg. Rev. (Mtg.-Backed Securities Prog.) Series 2022 A, 5% 3/1/30 | 15,000 | 16,080 | |
Scioto County Hosp. Facilities Rev. Series 2016, 3.5% 2/15/38 | 120,000 | 111,560 | |
Willoughby-Eastlake City School District Series 2016, 3.375% 12/1/36 | 20,000 | 18,633 | |
TOTAL OHIO | 294,374 | ||
Oklahoma - 0.1% | |||
Oklahoma State Univ. Agricultural And Mechanical College Series 2020 A, 5% 9/1/32 | 15,000 | 16,609 | |
Oregon - 1.7% | |||
Medford Hosp. Facilities Auth. Rev. (Asante Projs.) Series 2020 A, 5% 8/15/38 | 15,000 | 16,032 | |
Oregon Facilities Auth. Rev. Series 2022 B, 5% 6/1/30 | 140,000 | 151,775 | |
Salem Hosp. Facility Auth. Rev. (Salem Health Projs.) Series 2019 A, 3% 5/15/49 | 350,000 | 276,090 | |
TOTAL OREGON | 443,897 | ||
Pennsylvania - 2.3% | |||
Allegheny County Series 2020 C78, 3% 11/1/36 | 20,000 | 18,166 | |
Allegheny County Higher Ed. Bldg. Auth. Series 2024 A, 5% 8/1/27 | 100,000 | 106,019 | |
Bethlehem Area School District Series 2016 B, 3% 2/1/36 | 40,000 | 36,480 | |
Chester County Health & Ed. Facilities Auth. Health Sys. Rev. Series 2017 A, 4% 10/1/42 | 100,000 | 98,110 | |
Dubois Hosp. Auth. Hosp. Rev. (Penn Highlands Healthcare Proj.) Series 2018: | |||
5% 7/15/27 | 45,000 | 46,365 | |
5% 7/15/28 | 30,000 | 31,098 | |
Lackawanna County Gen. Oblig. Series 2017, 3.375% 9/1/35 | 70,000 | 67,128 | |
Montgomery County Higher Ed. & Health Auth. Rev. Series 2019: | |||
5% 9/1/31 | 10,000 | 10,641 | |
5% 9/1/32 | 135,000 | 143,563 | |
Penn Hills School District Series 2020, 3% 10/1/37 | 75,000 | 67,056 | |
TOTAL PENNSYLVANIA | 624,626 | ||
Rhode Island - 0.2% | |||
Rhode Island Health and Edl. Bldg. Corp. Higher Ed. Facility Rev. Series 2023, 5% 11/1/47 | 25,000 | 27,005 | |
Rhode Island Student Ln. Auth. Student Ln. Rev. Series 2024 A, 5% 12/1/28 (c) | 20,000 | 21,072 | |
TOTAL RHODE ISLAND | 48,077 | ||
South Carolina - 0.2% | |||
Greenwood Fifty School Facilities Installment (Greenwood School District No. 50, South Carolina Proect) Series 2016, 3% 12/1/30 | 45,000 | 42,654 | |
Tennessee - 0.5% | |||
Knox County Health Edl. & Hsg. Facilities Board Rev. Series 2017, 5% 4/1/27 | 25,000 | 25,684 | |
Nashville and Davidson County Metropolitan Govt. Health & Edl. Facilities Board Rev. (Lipscomb Univ. Proj.) Series 2019 A, 5.25% 10/1/58 | 10,000 | 10,118 | |
Shelby County Health Edl. & Hsg. Facilities Board Rev. Series 2017 A, 3.375% 5/1/32 | 95,000 | 92,002 | |
TOTAL TENNESSEE | 127,804 | ||
Texas - 2.7% | |||
Joya Independent School District Series 2013, 3% 2/15/36 | 10,000 | 9,248 | |
Alvin Independent School District Series 2016 A, 5% 2/15/28 | 20,000 | 20,623 | |
Collin County Series 2019, 3.25% 2/15/37 | 150,000 | 140,514 | |
Cypress-Fairbanks Independent School District Series 2016, 5% 2/15/25 | 15,000 | 15,164 | |
Denton County Gen. Oblig. Series 2016, 3% 7/15/34 | 50,000 | 46,997 | |
Harris County Cultural Ed. Facilities Fin. Corp. Med. Facilities Rev. Series 2016, 3% 11/15/32 | 135,000 | 123,356 | |
Houston City of Higher Ed. Fin. Corp. (Houston Baptist Univ. Proj.) Series 2021, 3.375% 10/1/37 | 20,000 | 16,929 | |
North Texas Tollway Auth. Rev. Series 2021 B, 3% 1/1/46 | 25,000 | 19,763 | |
San Antonio Wtr. Sys. Rev.: | |||
Series 2018 A, 5% 5/15/33 | 15,000 | 16,013 | |
Series 2020 A, 5% 5/15/27 | 10,000 | 10,536 | |
Univ. of Houston Univ. Revs.: | |||
Series 2017 C, 3.125% 2/15/36 | 70,000 | 63,708 | |
Series 2021 A, 2% 2/15/33 | 35,000 | 29,699 | |
Univ. of Texas Board of Regents Sys. Rev. Series 2021 A, 2% 8/15/36 | 200,000 | 156,821 | |
Wichita Falls Independent School District Series 2021, 4% 2/1/28 | 50,000 | 51,558 | |
TOTAL TEXAS | 720,929 | ||
Utah - 0.1% | |||
Utah County Hosp. Rev. Series 2016 B, 3% 5/15/47 | 40,000 | 32,204 | |
Virginia - 1.8% | |||
Virginia College Bldg. Auth. Edl. Facilities Rev. (21st Century College and Equip. Progs.): | |||
Series 2017 E, 5% 2/1/31 | 10,000 | 10,655 | |
Series 2021 A, 3% 2/1/39 | 20,000 | 17,600 | |
Virginia Commonwealth Trans. Board Rev.: | |||
(Virginia Gen. Oblig. Proj.) Series 2017 A, 5% 5/15/29 | 60,000 | 63,630 | |
(Virginia Gen. Oblig.) Series 2017 A, 5% 5/15/27 | 20,000 | 21,149 | |
Series 2019, 3% 5/15/33 | 225,000 | 212,079 | |
Virginia Commonwealth Univ. Health Sys. Auth. Series 2017 A, 5% 7/1/28 | 5,000 | 5,248 | |
Virginia Pub. Bldg. Auth. Pub. Facilities Rev. Series 2019 A, 4% 8/1/36 | 150,000 | 153,913 | |
TOTAL VIRGINIA | 484,274 | ||
Washington - 4.2% | |||
Energy Northwest Elec. Rev. Series 2020 A, 5% 7/1/34 | 100,000 | 110,798 | |
King County Wash Hsg. Auth. Afford (Kirkland Heights Proj.) Series 2023 A3, 4.625% 1/1/41 | 120,000 | 124,526 | |
Washington Gen. Oblig.: | |||
Series 2016 D, 5% 2/1/28 | 130,000 | 133,510 | |
Series 2018 A, 5% 8/1/27 | 50,000 | 53,099 | |
Series 2018 C, 5% 8/1/30 | 30,000 | 31,637 | |
Series 2020 A, 5% 8/1/27 | 60,000 | 63,719 | |
Series 2020 C, 5% 2/1/37 | 10,000 | 10,953 | |
Series 2021 A, 5% 8/1/43 | 195,000 | 210,040 | |
Series 2022 A, 5% 8/1/42 | 40,000 | 43,700 | |
Series 2023 A, 5% 8/1/41 | 125,000 | 138,504 | |
Washington Health Care Facilities Auth. Rev.: | |||
(Overlake Hosp. Med. Ctr., WA. Proj.) Series 2017 B, 5% 7/1/27 | 25,000 | 25,389 | |
(Providence Health Systems Proj.) Series 2018 B, 5% 10/1/33 | 40,000 | 41,815 | |
Series 2017 A, 4% 7/1/37 | 130,000 | 120,387 | |
TOTAL WASHINGTON | 1,108,077 | ||
West Virginia - 0.7% | |||
West Virginia Hosp. Fin. Auth. Hosp. Rev.: | |||
Series 2016 A, 3.25% 6/1/39 | 100,000 | 90,116 | |
Series 2018 A, 5% 1/1/43 | 100,000 | 101,494 | |
TOTAL WEST VIRGINIA | 191,610 | ||
Wisconsin - 2.7% | |||
Sun Prairie Area School District Series 2017, 3.5% 3/1/37 | 20,000 | 19,113 | |
Wisconsin Gen. Oblig. Series 2025 1, 5% 5/1/34 (d) | 200,000 | 226,682 | |
Wisconsin Health & Edl. Facilities: | |||
Series 2013 B2, 4% 11/15/43 | 60,000 | 58,158 | |
Series 2016 A, 3.5% 2/15/46 | 330,000 | 251,899 | |
Wisconsin Health & Edl. Facilities Auth. Rev.: | |||
Series 2021, 5% 8/15/35 | 50,000 | 53,688 | |
Series 2024 A, 4.5% 2/15/54 (Build America Mutual Assurance Insured) | 100,000 | 100,027 | |
Wisconsin St Gen. Fund Annual Appropriation Series 2019 A, 5% 5/1/26 (Escrowed to Maturity) | 15,000 | 15,558 | |
TOTAL WISCONSIN | 725,125 | ||
TOTAL MUNICIPAL BONDS (Cost $23,685,044) | 24,152,691 | ||
Municipal Notes - 10.5% | |||
Principal Amount (a) | Value ($) | ||
Alabama - 2.5% | |||
Walker County Econ. & Indl. Dev. Auth. Solid Waste Disp. Rev. (Alabama Pwr. Co. Plant Gorgas Proj.) Series 2023, 4.2% 8/1/24, VRDN (b)(c) | 660,000 | 660,000 | |
Florida - 4.1% | |||
JEA Wtr. & Swr. Sys. Rev. Series 2008 A1, 4% 8/1/24 (Liquidity Facility U.S. Bank NA, Cincinnati), VRDN (b) | 1,100,000 | 1,100,000 | |
Illinois - 0.9% | |||
Illinois Fin. Auth. Rev. Participating VRDN Series Floater 041, 4% 8/1/24 (Liquidity Facility Barclays Bank PLC) (b)(e)(f) | 240,000 | 240,000 | |
Kentucky - 0.7% | |||
Meade County Indl. Bldg. Rev. (Nucor Steel Brandenburg Proj.) Series 2020 A1, 4.6% 8/1/24, VRDN (b)(c) | 200,000 | 200,000 | |
Texas - 1.9% | |||
Harris County Health Facilities Dev. Corp. Rev. (Methodist Hosp. Proj.) Series A1, 4% 8/1/24, VRDN (b) | 495,000 | 495,000 | |
Wisconsin - 0.4% | |||
Wisconsin Health & Edl. Facilities Series 2021 B, 4.05% 8/1/24 (Liquidity Facility U.S. Bank NA, Cincinnati), VRDN (b) | 100,000 | 100,000 | |
TOTAL MUNICIPAL NOTES (Cost $2,794,999) | 2,795,000 | ||
Money Market Funds - 0.0% | |||
Shares | Value ($) | ||
Fidelity Municipal Cash Central Fund 3.90% (g)(h) (Cost $16,668) | 16,665 | 16,668 | |
TOTAL INVESTMENT IN SECURITIES - 101.0% (Cost $26,496,711) | 26,964,359 |
NET OTHER ASSETS (LIABILITIES) - (1.0)% | (266,151) |
NET ASSETS - 100.0% | 26,698,208 |
VRDN | - | VARIABLE RATE DEMAND NOTE (A debt instrument that is payable upon demand, either daily, weekly or monthly) |
(a) | Amount is stated in United States dollars unless otherwise noted. |
(b) | Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end. |
(c) | Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals. |
(d) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(e) | Provides evidence of ownership in one or more underlying municipal bonds. |
(f) | Coupon rates are determined by re-marketing agents based on current market conditions. |
(g) | Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Municipal Cash Central Fund. |
(h) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Municipal Cash Central Fund 3.90% | 1,119,112 | 4,737,312 | 5,839,595 | 9,387 | (51) | (110) | 16,668 | 0.0% |
Total | 1,119,112 | 4,737,312 | 5,839,595 | 9,387 | (51) | (110) | 16,668 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Municipal Securities | 26,947,691 | - | 26,947,691 | - |
Money Market Funds | 16,668 | 16,668 | - | - |
Total Investments in Securities: | 26,964,359 | 16,668 | 26,947,691 | - |
Statement of Assets and Liabilities | ||||
As of July 31, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $26,480,043) | $ | 26,947,691 | ||
Fidelity Central Funds (cost $16,668) | 16,668 | |||
Total Investment in Securities (cost $26,496,711) | $ | 26,964,359 | ||
Cash | 6,838 | |||
Interest receivable | 261,091 | |||
Distributions receivable from Fidelity Central Funds | 1,993 | |||
Prepaid expenses | 6 | |||
Receivable from investment adviser for expense reductions | 5,251 | |||
Other receivables | 20 | |||
Total assets | 27,239,558 | |||
Liabilities | ||||
Payable for investments purchased on a delayed delivery basis | $ | 341,497 | ||
Payable for fund shares redeemed | 117,920 | |||
Distributions payable | 43,613 | |||
Accrued management fee | 7,176 | |||
Audit fee payable | 26,777 | |||
Other payables and accrued expenses | 4,367 | |||
Total liabilities | 541,350 | |||
Net Assets | $ | 26,698,208 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 26,199,588 | ||
Total accumulated earnings (loss) | 498,620 | |||
Net Assets | $ | 26,698,208 | ||
Net Asset Value, offering price and redemption price per share ($26,698,208 ÷ 2,631,263 shares) | $ | 10.15 |
Statement of Operations | ||||
Six months ended July 31, 2024 (Unaudited) | ||||
Investment Income | ||||
Interest | $ | 433,003 | ||
Income from Fidelity Central Funds | 9,387 | |||
Total income | 442,390 | |||
Expenses | ||||
Management fee | $ | 39,271 | ||
Custodian fees and expenses | 3,221 | |||
Independent trustees' fees and expenses | 30 | |||
Registration fees | 22,070 | |||
Audit fees | 33,122 | |||
Legal | 40 | |||
Miscellaneous | 62 | |||
Total expenses before reductions | 97,816 | |||
Expense reductions | (55,891) | |||
Total expenses after reductions | 41,925 | |||
Net Investment income (loss) | 400,465 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (9,441) | |||
Fidelity Central Funds | (51) | |||
Total net realized gain (loss) | (9,492) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (170,846) | |||
Fidelity Central Funds | (110) | |||
Total change in net unrealized appreciation (depreciation) | (170,956) | |||
Net gain (loss) | (180,448) | |||
Net increase (decrease) in net assets resulting from operations | $ | 220,017 |
Statement of Changes in Net Assets | ||||
Six months ended July 31, 2024 (Unaudited) | Year ended January 31, 2024 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 400,465 | $ | 436,352 |
Net realized gain (loss) | (9,492) | 6,726 | ||
Change in net unrealized appreciation (depreciation) | (170,956) | 485,377 | ||
Net increase (decrease) in net assets resulting from operations | 220,017 | 928,455 | ||
Distributions to shareholders | (374,653) | (428,831) | ||
Share transactions | ||||
Proceeds from sales of shares | 9,147,855 | 9,011,427 | ||
Reinvestment of distributions | 163,542 | 326,849 | ||
Cost of shares redeemed | (2,673,642) | (1,088,890) | ||
Net increase (decrease) in net assets resulting from share transactions | 6,637,755 | 8,249,386 | ||
Total increase (decrease) in net assets | 6,483,119 | 8,749,010 | ||
Net Assets | ||||
Beginning of period | 20,215,089 | 11,466,079 | ||
End of period | $ | 26,698,208 | $ | 20,215,089 |
Other Information | ||||
Shares | ||||
Sold | 905,076 | 923,173 | ||
Issued in reinvestment of distributions | 16,215 | 33,010 | ||
Redeemed | (265,803) | (112,714) | ||
Net increase (decrease) | 655,488 | 843,469 | ||
Fidelity® SAI Sustainable Municipal Income Fund |
Six months ended (Unaudited) July 31, 2024 | Years ended January 31, 2024 | 2023 A | ||||
Selected Per-Share Data | ||||||
Net asset value, beginning of period | $ | 10.23 | $ | 10.13 | $ | 10.00 |
Income from Investment Operations | ||||||
Net investment income (loss) B,C | .171 | .323 | .218 | |||
Net realized and unrealized gain (loss) | (.090) | .092 | .130 | |||
Total from investment operations | .081 | .415 | .348 | |||
Distributions from net investment income | (.161) | (.310) | (.218) | |||
Distributions from net realized gain | - | (.005) | - | |||
Total distributions | (.161) | (.315) | (.218) | |||
Net asset value, end of period | $ | 10.15 | $ | 10.23 | $ | 10.13 |
Total Return D,E | .81 % | 4.25% | 3.56% | |||
Ratios to Average Net Assets C,F,G | ||||||
Expenses before reductions | .84% H | .99% | 1.18% H,I | |||
Expenses net of fee waivers, if any | .36 % H | .36% | .36% H | |||
Expenses net of all reductions | .36% H | .36% | .35% H | |||
Net investment income (loss) | 3.42% H | 3.26% | 2.74% H | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 26,698 | $ | 20,215 | $ | 11,466 |
Portfolio turnover rate J | 0 % H,K | 2% | 0% H |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $630,111 |
Gross unrealized depreciation | (120,286) |
Net unrealized appreciation (depreciation) | $509,825 |
Tax cost | $26,454,534 |
Purchases ($) | Sales ($) | |
Fidelity SAI Sustainable Municipal Income Fund | 5,898,937 | 25,568 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity SAI Sustainable Municipal Income Fund | - | 200,000 | - |
Amount ($) | |
Fidelity SAI Sustainable Municipal Income Fund | 20 |
Fund | Affiliated % |
Fidelity SAI Sustainable Municipal Income Fund | 36% |
Contents
Municipal Bonds - 52.3% | |||
Principal Amount (a) | Value ($) | ||
Alabama - 1.6% | |||
Black Belt Energy Gas District: | |||
Series 2022 C1: | |||
5.25% 12/1/24 | 5,000 | 5,023 | |
5.25% 12/1/25 | 5,000 | 5,090 | |
Series 2022 E: | |||
5% 6/1/25 | 50,000 | 50,471 | |
5% 6/1/26 | 50,000 | 51,032 | |
Mobile Indl. Dev. Board Poll. Cont. Rev. Bonds (Alabama Pwr. Co. Barry Plant Proj.) Series 2008, 3.65%, tender 1/10/25 (b) | 150,000 | 149,966 | |
TOTAL ALABAMA | 261,582 | ||
Arizona - 2.1% | |||
Chandler Indl. Dev. Auth. Indl. Dev. Rev. Bonds (Intel Corp. Proj.) Series 2022 2, 5%, tender 9/1/27 (b)(c) | 50,000 | 51,549 | |
Maricopa County Indl. Dev. Auth. Series 2024 D, 5% 12/1/27 (d) | 150,000 | 157,711 | |
Salt River Proj. Agricultural Impt. & Pwr. District Elec. Sys. Rev. Series 2017 A, 5% 1/1/25 | 140,000 | 141,170 | |
TOTAL ARIZONA | 350,430 | ||
California - 3.1% | |||
California Health Facilities Fing. Auth. Rev. Bonds Series 2016 B2, 4%, tender 10/1/24 (b) | 50,000 | 50,025 | |
California Muni. Fin. Auth. Solid Waste Disp. Rev. Bonds: | |||
(Republic Svcs., Inc. Proj.) Series 2021 A, 4%, tender 10/1/24 (b)(c) | 150,000 | 150,118 | |
(Waste Mgmt., Inc. Proj.) Series 2017 A, 4.25%, tender 12/2/24 (b)(c) | 100,000 | 100,040 | |
Los Angeles Dept. Arpt. Rev. Series 2023 A, 5% 5/15/26 (c) | 200,000 | 205,865 | |
TOTAL CALIFORNIA | 506,048 | ||
Colorado - 0.9% | |||
Colorado Health Facilities Auth. Rev. Bonds Bonds Series 2022 B, 5%, tender 8/17/26 (b) | 150,000 | 154,945 | |
Connecticut - 1.9% | |||
Connecticut Gen. Oblig. Series 2016 B, 5% 5/15/25 | 10,000 | 10,160 | |
Connecticut Health & Edl. Facilities Auth. Rev. Bonds: | |||
Series 2010 A3, 2.95%, tender 7/1/27 (b) | 150,000 | 148,703 | |
Series 2017 C2, 2.8%, tender 2/3/26 (b) | 150,000 | 148,940 | |
TOTAL CONNECTICUT | 307,803 | ||
Florida - 5.6% | |||
Duval County School Board Ctfs. of Prtn. Series 2022 A, 5% 7/1/26 (Assured Guaranty Muni. Corp. Insured) | 100,000 | 103,753 | |
Escambia County Fla Hsg. Fin. Auth. Bonds Series 2024, 3.8%, tender 6/1/26 (b) | 100,000 | 100,556 | |
Florida Hsg. Fin. Corp. Multi-family Mtg. Rev. Bonds Series 2024 E, 3.8%, tender 6/1/27 (b) | 100,000 | 100,599 | |
JEA Wtr. & Swr. Sys. Rev. Series 2017 A, 5% 10/1/26 | 50,000 | 52,235 | |
Miami Dade County Hsg. Multifamily Hsg. Rev. Bonds: | |||
Series 2023, 3.55%, tender 1/1/26 (b) | 50,000 | 50,018 | |
Series 2024, 3.4%, tender 10/1/26 (b) | 100,000 | 99,830 | |
Miami-Dade County Indl. Dev. Auth. Solid Waste Disp. Rev. Bonds: | |||
Series 2011, 5%, tender 11/1/24 (b)(c) | 50,000 | 50,160 | |
Series 2018 B, 4.5%, tender 7/1/25 (b)(c) | 150,000 | 149,989 | |
Orange County Health Facilities Auth. Bonds Series 2021 C, 5%, tender 11/15/26 (b) | 100,000 | 103,721 | |
Polk County Hsg. Fin. Auth. Multi-family Hsg. Rev. Bonds Series 2023, 4.15%, tender 6/1/26 (b) | 100,000 | 101,083 | |
TOTAL FLORIDA | 911,944 | ||
Georgia - 4.0% | |||
Bartow County Dev. Auth. Poll. Cont. Rev. Bonds (Georgia Pwr. Co. Plant Bowen Proj.) Series 2013, 2.875%, tender 8/19/25 (b) | 100,000 | 98,836 | |
Burke County Indl. Dev. Auth. Poll. Cont. Rev.: | |||
(Georgia Pwr. Co. Plant Vogtle Proj.) Series 1994, 3.7%, tender 6/13/28 (b) | 100,000 | 101,556 | |
Bonds (Georgia Pwr. Co. Plant Vogtle Proj.): | |||
Series 1994 9, 3.8%, tender 5/21/26 (b) | 100,000 | 100,882 | |
Series 2013 1, 3.375%, tender 3/12/27 (b) | 10,000 | 10,004 | |
Main Street Natural Gas, Inc.: | |||
Bonds Series 2021 A, 4%, tender 9/1/27 (b) | 150,000 | 151,139 | |
Series 2024 A1, 5% 3/1/27 | 100,000 | 102,524 | |
Monroe County Dev. Auth. Poll. Cont. Rev. Bonds (Georgia Pwr. Co. Plant Scherer Proj.) Series 2009, 3.875%, tender 3/6/26 (b) | 90,000 | 90,824 | |
TOTAL GEORGIA | 655,765 | ||
Hawaii - 0.6% | |||
Honolulu City & County Multi-family housing Rev. Bonds Series 2023, 5%, tender 6/1/26 (b) | 100,000 | 102,812 | |
Illinois - 5.2% | |||
Illinois Fin. Auth. Series 2022 A, 5% 10/1/24 | 100,000 | 100,049 | |
Illinois Fin. Auth. Rev. (Presence Health Proj.) Series 2016 C, 5% 2/15/28 | 90,000 | 93,942 | |
Illinois Gen. Oblig.: | |||
Series 2016, 5% 2/1/27 | 80,000 | 83,380 | |
Series 2017 D: | |||
5% 11/1/24 | 200,000 | 200,847 | |
5% 11/1/26 | 5,000 | 5,191 | |
Series 2022 B, 5% 3/1/25 | 100,000 | 101,013 | |
Series 2023 C, 5% 5/1/25 | 100,000 | 101,305 | |
Series 2024 B, 5% 5/1/27 | 150,000 | 156,914 | |
TOTAL ILLINOIS | 842,641 | ||
Indiana - 0.9% | |||
Indiana Fin. Auth. Econ. Dev. Rev. Bonds (Republic Svcs., Inc. Proj.) Series 2012, 4.2%, tender 9/3/24 (b)(c) | 150,000 | 150,097 | |
Maryland - 0.3% | |||
Maryland Cmnty. Dev. Admin Dept. Hsg. & Cmnty. Dev. Series 2023 D, 3.5% 1/1/26 | 50,000 | 49,881 | |
Massachusetts - 1.2% | |||
Massachusetts Edl. Fing. Auth. Rev.: | |||
Series 2014 I, 5% 1/1/25 (c) | 100,000 | 100,615 | |
Series 2018 B, 5% 7/1/25 (c) | 100,000 | 101,546 | |
TOTAL MASSACHUSETTS | 202,161 | ||
Michigan - 2.7% | |||
Coopersville Area Pub. Schools Series 2022 I: | |||
4% 5/1/26 | 30,000 | 30,457 | |
5% 5/1/25 | 110,000 | 111,504 | |
Great Lakes Wtr. Auth. Wtr. Supply Sys. Rev. Series 2016 D, 5% 7/1/27 | 175,000 | 180,752 | |
Michigan Hosp. Fin. Auth. Rev. Series 1999 B3, 4% 11/15/26 | 110,000 | 112,104 | |
TOTAL MICHIGAN | 434,817 | ||
Nebraska - 0.6% | |||
Central Plains Energy Proj. Rev. Bonds Series 2019, 4%, tender 8/1/25 (b) | 105,000 | 105,194 | |
Nevada - 0.6% | |||
Nevada Dept. of Bus. & Industry Bonds (Republic Svcs., Inc. Proj.) Series 2001, 4.15%, tender 12/2/24 (b)(c)(e) | 100,000 | 100,202 | |
New Hampshire - 0.6% | |||
New Hampshire St Hsg. Fin. Series 2023 3, 3.85% 1/1/27 | 100,000 | 101,063 | |
New Jersey - 2.5% | |||
New Jersey Econ. Dev. Auth. Series 2024 SSS, 5% 6/15/26 | 100,000 | 103,533 | |
New Jersey Econ. Dev. Auth. Rev. Series 2019, 5.25% 9/1/24 (e) | 100,000 | 100,166 | |
New Jersey Edl. Facility (Stevens Institute of Techonolgy Proj.) Series 2017 A, 5% 7/1/25 | 75,000 | 75,994 | |
New Jersey Trans. Trust Fund Auth.: | |||
Series 2006 C, 0% 12/15/26 (AMBAC Insured) | 80,000 | 73,762 | |
Series A, 0% 12/15/26 | 60,000 | 55,322 | |
TOTAL NEW JERSEY | 408,777 | ||
New York - 4.1% | |||
Monroe County Indl. Dev. Agcy. Bonds (Andrews Terrace Cmnty. Partners, L.P. Proj.) Series 2023 B1, 5%, tender 7/1/27 (b) | 50,000 | 52,152 | |
New York City Gen. Oblig. Series 2016 A, 5% 8/1/27 | 155,000 | 157,627 | |
New York City Hsg. Dev. Corp. Multifamily Hsg. Bonds Series 2021 K2, 0.9%, tender 1/1/26 (b) | 165,000 | 156,787 | |
New York Metropolitan Trans. Auth. Rev. Bonds Series 2019 A1, 5%, tender 11/15/24 (b) | 100,000 | 100,361 | |
New York State Hsg. Fin. Agcy. Rev. Bonds Series 2024 A, 3.375%, tender 11/1/27 (b) | 150,000 | 150,151 | |
Triborough Bridge & Tunnel Auth. Bonds Series 2021 A2, 2%, tender 5/15/26 (b) | 55,000 | 52,988 | |
TOTAL NEW YORK | 670,066 | ||
Ohio - 0.9% | |||
Ohio Solid Waste Rev. Bonds (Republic Svcs., Inc. Proj.) Series 2010, 3.9%, tender 9/3/24 (b) | 150,000 | 150,097 | |
Pennsylvania - 3.4% | |||
Pennsylvania Econ. Dev. Fing. Auth. Solid Waste Disp. Rev. Bonds: | |||
(Republic Svcs., Inc. Proj.) Series 2019 A, 4.1%, tender 10/15/24 (b)(c) | 150,000 | 150,060 | |
(Republic Svcs., Inc. Proj.): | |||
Series 2014, 3.95%, tender 10/1/24 (b)(c) | 100,000 | 100,067 | |
Series 2019 B2, 4.15%, tender 1/15/25 (b)(c) | 150,000 | 150,126 | |
(Waste Mgmt., Inc. Proj.) Series 2021 A2, 4.6%, tender 10/1/26 (b)(c) | 150,000 | 152,200 | |
TOTAL PENNSYLVANIA | 552,453 | ||
Tennessee - 0.6% | |||
Tennergy Corp. Gas Rev. Bonds Series 2019 A, 5%, tender 10/1/24 (b) | 95,000 | 95,286 | |
Texas - 5.3% | |||
Cap. Area Hsg. Fin. Corp. Multi-family Hsg. Rev. Bonds Series 2021, 3.48%, tender 6/1/25 (b) | 150,000 | 149,999 | |
Dallas Wtrwks. & Swr. Sys. Rev. Series 2020 C, 5% 10/1/25 | 250,000 | 255,996 | |
Magnolia Independent School District Series 2023, 5% 8/15/24 | 150,000 | 150,108 | |
Mission Econ. Dev. Corp. Solid Waste Disp. Rev. Bonds (Republic Svcs., Inc. Proj.) Series 2008 A, 4.05%, tender 8/1/24 (b)(c) | 150,000 | 150,000 | |
San Antonio Tex Hsg. Trust Pub. Facilities Bonds Series 2024, 3.45%, tender 7/1/27 (b) | 150,000 | 150,099 | |
Tarrant County Cultural Ed. Facilities Fin. Corp. Hosp. Rev. Bonds (Baylor Scott & White Health Proj.) Series 2022 E, 5%, tender 5/15/26 (b) | 15,000 | 15,408 | |
TOTAL TEXAS | 871,610 | ||
Virginia - 0.6% | |||
Louisa Indl. Dev. Auth. Poll. Cont. Rev. Bonds (Virginia Elec. and Pwr. Co. Proj.) Series 2008 B, 0.75%, tender 9/2/25 (b) | 95,000 | 90,395 | |
Washington - 0.8% | |||
Seattle Hsg. Auth. Rev. (Juniper Apts. Proj.) Series 2023, 5% 6/1/27 | 50,000 | 51,439 | |
Washington Ctfs. of Prtn. Series 2016 A, 5% 7/1/27 | 70,000 | 72,383 | |
TOTAL WASHINGTON | 123,822 | ||
Wisconsin - 2.2% | |||
Pub. Fin. Auth. Health Care Sys. Rev. Series 2023 A, 5% 10/1/24 | 200,000 | 200,591 | |
Wisconsin Hsg. and Econ. Dev. Auth. Multi-family Hsg. Rev. Bonds (100 E. Nat'l. Proj.) Series 2024 J, 5%, tender 8/1/26 (b) | 150,000 | 154,708 | |
TOTAL WISCONSIN | 355,299 | ||
TOTAL MUNICIPAL BONDS (Cost $8,539,466) | 8,555,190 | ||
Municipal Notes - 48.3% | |||
Principal Amount (a) | Value ($) | ||
Alabama - 9.3% | |||
Black Belt Energy Gas District Participating VRDN Series ZL 03 97, 3.91% 8/7/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 330,000 | 330,000 | |
Health Care Auth. for Baptist Health Series 2013 B, 5.03% 8/7/24, VRDN (b) | 300,000 | 300,000 | |
Mobile Indl. Dev. Board Rev. (Alabama Pwr. Theodore Plant Proj.) Series A, 4.35% 8/1/24, VRDN (b)(c) | 400,000 | 400,000 | |
Southeast Energy Auth. Rev. Participating VRDN Series XG 04 10, 3.91% 8/7/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 300,000 | 300,000 | |
Walker County Econ. & Indl. Dev. Auth. Solid Waste Disp. Rev. (Alabama Pwr. Co. Plant Gorgas Proj.) Series 2023, 4.2% 8/1/24, VRDN (b)(c) | 200,000 | 200,000 | |
TOTAL ALABAMA | 1,530,000 | ||
Delaware - 4.8% | |||
Delaware Econ. Dev. Auth. Rev. (Delmarva Pwr. & Lt. Co. Proj.): | |||
Series 1993 C, 3.88% 8/7/24, VRDN (b) | 100,000 | 100,000 | |
Series 1994, 4.32% 8/1/24, VRDN (b)(c) | 680,000 | 680,000 | |
TOTAL DELAWARE | 780,000 | ||
Georgia - 2.3% | |||
Burke County Indl. Dev. Auth. Poll. Cont. Rev. (Georgia Pwr. Co. Plant Vogtle Proj.) Series 2012, 4.25% 8/1/24, VRDN (b)(c) | 370,000 | 370,000 | |
Kentucky - 1.8% | |||
Meade County Indl. Bldg. Rev. (Nucor Steel Brandenburg Proj.): | |||
Series 2020 A1, 4.6% 8/1/24, VRDN (b)(c) | 200,000 | 200,000 | |
Series 2020 B1, 4.6% 8/1/24, VRDN (b)(c) | 100,000 | 100,000 | |
TOTAL KENTUCKY | 300,000 | ||
Louisiana - 2.6% | |||
Saint James Parish Gen. Oblig. (Nucor Steel Louisiana LLC Proj.): | |||
Series 2010 A1, 3.88% 8/7/24, VRDN (b) | 100,000 | 100,000 | |
Series 2010 B1, 3.95% 8/7/24, VRDN (b) | 330,000 | 330,000 | |
TOTAL LOUISIANA | 430,000 | ||
Michigan - 1.8% | |||
Michigan Bldg. Auth. Rev. (Facilities Prog.) Series 2024 I, 3.73% 8/1/24, VRDN (b) | 300,000 | 300,000 | |
Minnesota - 1.2% | |||
Minnesota Higher Ed. Facilities Auth. Rev. Series 2003 Q5, 3.7% 8/7/24, VRDN (b) | 200,000 | 200,000 | |
New York - 7.8% | |||
Liberty Dev. Corp. Rev. Participating VRDN Series MS 1207, 3.96% 8/7/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 480,000 | 480,000 | |
New York City Gen. Oblig. Series 2012 2, 4.15% 8/8/24, VRDN (b) | 300,000 | 300,000 | |
New York Metropolitan Trans. Auth. Rev. Participating VRDN: | |||
Series XF 13 21, 3.93% 8/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 100,000 | 100,000 | |
Series XF 13 55, 3.93% 8/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 300,000 | 300,000 | |
Series XF 16 49, 3.93% 8/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 100,000 | 100,000 | |
TOTAL NEW YORK | 1,280,000 | ||
North Carolina - 4.9% | |||
North Carolina Med. Care Commission Health Care Facilities Rev. Participating VRDN Series XF 13 52, 3.64% 8/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 800,000 | 800,002 | |
Pennsylvania - 2.5% | |||
Montgomery County Higher Ed. & Health Auth. Rev. Series 2018 D, 4.41% 8/7/24, VRDN (b) | 410,000 | 410,000 | |
Tennessee - 4.3% | |||
Chattanooga Health Ed. & Hsg. Facility Board Rev. (Catholic Health Initiatives Proj.) Series C, 3.95% 8/7/24, VRDN (b) | 700,000 | 700,000 | |
Texas - 1.2% | |||
Harris County Cultural Ed. Facilities Fin. Corp. Med. Facilities Rev. Participating VRDN Series 2022 006, 3.91% 9/11/24 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 200,000 | 200,000 | |
Virginia - 2.4% | |||
Lynchburg Econ. Dev. Participating VRDN Series XL 00 75, 3.91% 8/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 385,000 | 385,000 | |
West Virginia - 1.4% | |||
West Virginia Hosp. Fin. Auth. Hosp. Rev. Series 2018 E, 4.22% 8/9/27, VRDN (b) | 225,000 | 225,000 | |
TOTAL MUNICIPAL NOTES (Cost $7,910,002) | 7,910,002 | ||
Money Market Funds - 1.0% | |||
Shares | Value ($) | ||
Fidelity Municipal Cash Central Fund 3.90% (h)(i) (Cost $165,738) | 165,705 | 165,738 | |
TOTAL INVESTMENT IN SECURITIES - 101.6% (Cost $16,615,206) | 16,630,930 |
NET OTHER ASSETS (LIABILITIES) - (1.6)% | (261,403) |
NET ASSETS - 100.0% | 16,369,527 |
VRDN | - | VARIABLE RATE DEMAND NOTE (A debt instrument that is payable upon demand, either daily, weekly or monthly) |
(a) | Amount is stated in United States dollars unless otherwise noted. |
(b) | Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end. |
(c) | Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals. |
(d) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(e) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $200,368 or 1.2% of net assets. |
(f) | Provides evidence of ownership in one or more underlying municipal bonds. |
(g) | Coupon rates are determined by re-marketing agents based on current market conditions. |
(h) | Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Municipal Cash Central Fund. |
(i) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Municipal Cash Central Fund 3.90% | 343,034 | 2,105,785 | 2,283,068 | 3,731 | 21 | (34) | 165,738 | 0.0% |
Total | 343,034 | 2,105,785 | 2,283,068 | 3,731 | 21 | (34) | 165,738 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Municipal Securities | 16,465,192 | - | 16,465,192 | - |
Money Market Funds | 165,738 | 165,738 | - | - |
Total Investments in Securities: | 16,630,930 | 165,738 | 16,465,192 | - |
Statement of Assets and Liabilities | ||||
As of July 31, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $16,449,468) | $ | 16,465,192 | ||
Fidelity Central Funds (cost $165,738) | 165,738 | |||
Total Investment in Securities (cost $16,615,206) | $ | 16,630,930 | ||
Cash | 14,383 | |||
Receivable for investments sold | 100,000 | |||
Receivable for fund shares sold | 22,465 | |||
Interest receivable | 113,457 | |||
Distributions receivable from Fidelity Central Funds | 805 | |||
Prepaid expenses | 3 | |||
Receivable from investment adviser for expense reductions | 5,666 | |||
Total assets | 16,887,709 | |||
Liabilities | ||||
Payable for investments purchased | ||||
Regular delivery | $ | 249,999 | ||
Delayed delivery | 157,305 | |||
Payable for fund shares redeemed | 65,605 | |||
Distributions payable | 16,694 | |||
Accrued management fee | 2,676 | |||
Other payables and accrued expenses | 25,903 | |||
Total liabilities | 518,182 | |||
Net Assets | $ | 16,369,527 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 16,348,380 | ||
Total accumulated earnings (loss) | 21,147 | |||
Net Assets | $ | 16,369,527 | ||
Net Asset Value, offering price and redemption price per share ($16,369,527 ÷ 1,635,687 shares) | $ | 10.01 |
Statement of Operations | |||
Six months ended July 31, 2024 (Unaudited) | |||
Investment Income | |||
Interest | $ | 266,736 | |
Income from Fidelity Central Funds | 3,731 | ||
Total income | 270,467 | ||
Expenses | |||
Management fee | 15,093 | ||
Custodian fees and expenses | 402 | ||
Independent trustees' fees and expenses | 19 | ||
Registration fees | 19,568 | ||
Audit fees | 30,445 | ||
Legal | 26 | ||
Miscellaneous | 53 | ||
Total expenses before reductions | 65,606 | ||
Expense reductions | (50,571) | ||
Total expenses after reductions | 15,035 | ||
Net Investment income (loss) | 255,432 | ||
Realized and Unrealized Gain (Loss) | |||
Net realized gain (loss) on: | |||
Investment Securities: | |||
Unaffiliated issuers | 2,941 | ||
Fidelity Central Funds | 21 | ||
Total net realized gain (loss) | 2,962 | ||
Change in net unrealized appreciation (depreciation) on: | |||
Investment Securities: | |||
Unaffiliated issuers | 12,494 | ||
Fidelity Central Funds | (34) | ||
Total change in net unrealized appreciation (depreciation) | 12,460 | ||
Net gain (loss) | 15,422 | ||
Net increase (decrease) in net assets resulting from operations | $ | 270,854 |
Statement of Changes in Net Assets | ||||
Six months ended July 31, 2024 (Unaudited) | Year ended January 31, 2024 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 255,432 | $ | 366,042 |
Net realized gain (loss) | 2,962 | 930 | ||
Change in net unrealized appreciation (depreciation) | 12,460 | 10,782 | ||
Net increase (decrease) in net assets resulting from operations | 270,854 | 377,754 | ||
Distributions to shareholders | (254,836) | (365,890) | ||
Share transactions | ||||
Proceeds from sales of shares | 3,955,142 | 2,831,754 | ||
Reinvestment of distributions | 173,507 | 330,794 | ||
Cost of shares redeemed | (1,199,916) | (241,411) | ||
Net increase (decrease) in net assets resulting from share transactions | 2,928,733 | 2,921,137 | ||
Total increase (decrease) in net assets | 2,944,751 | 2,933,001 | ||
Net Assets | ||||
Beginning of period | 13,424,776 | 10,491,775 | ||
End of period | $ | 16,369,527 | $ | 13,424,776 |
Other Information | ||||
Shares | ||||
Sold | 395,979 | 283,722 | ||
Issued in reinvestment of distributions | 17,372 | 33,176 | ||
Redeemed | (120,261) | (24,264) | ||
Net increase (decrease) | 293,090 | 292,634 | ||
Fidelity® SAI Sustainable Conservative Income Municipal Bond Fund |
Six months ended (Unaudited) July 31, 2024 | Years ended January 31, 2024 | 2023 A | ||||
Selected Per-Share Data | ||||||
Net asset value, beginning of period | $ | 10.00 | $ | 9.99 | $ | 10.00 |
Income from Investment Operations | ||||||
Net investment income (loss) B,C | .169 | .323 | .117 | |||
Net realized and unrealized gain (loss) | .010 | .009 | (.011) | |||
Total from investment operations | .179 | .332 | .106 | |||
Distributions from net investment income | (.169) | (.321) | (.116) | |||
Distributions from net realized gain | - | (.001) | - | |||
Total distributions | (.169) | (.322) | (.116) | |||
Net asset value, end of period | $ | 10.01 | $ | 10.00 | $ | 9.99 |
Total Return D,E | 1.80 % | 3.38% | 1.07% | |||
Ratios to Average Net Assets B,F,G | ||||||
Expenses before reductions | .87% H | .99% | 1.03% H,I | |||
Expenses net of fee waivers, if any | .20 % H | .21% | .25% H | |||
Expenses net of all reductions | .20% H | .21% | .24% H | |||
Net investment income (loss) | 3.40% H | 3.24% | 1.86% H | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 16,370 | $ | 13,425 | $ | 10,492 |
Portfolio turnover rate J | 68 % H | 79% | 42% H |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $27,982 |
Gross unrealized depreciation | (10,909) |
Net unrealized appreciation (depreciation) | $17,073 |
Tax cost | $16,613,857 |
Purchases ($) | Sales ($) | |
Fidelity SAI Sustainable Conservative Income Municipal Bond Fund | 4,373,734 | 2,612,659 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity SAI Sustainable Conservative Income Municipal Bond Fund | - | 1,200,000 | - |
Amount ($) | |
Fidelity SAI Sustainable Conservative Income Municipal Bond Fund | 13 |
Fund | Affiliated % |
Fidelity SAI Sustainable Conservative Income Municipal Bond Fund | 60% |
Contents
Municipal Bonds - 98.3% | |||
Principal Amount (a) | Value ($) | ||
Alabama - 5.0% | |||
Black Belt Energy Gas District Bonds: | |||
Series 2022 D1, 4%, tender 6/1/27 (b) | 10,000 | 10,078 | |
Series 2022 F, 5.5%, tender 12/1/28 (b) | 100,000 | 106,345 | |
Homewood Ala Edl. Bldg. Auth. Lea (CHF - Horizons II, L.L.C. Student Hsg. & Proj. at Samford Univ.) Series 2024 A, 5.5% 10/1/54 | 50,000 | 52,614 | |
Mobile Indl. Dev. Board Poll. Cont. Rev. Bonds: | |||
(Alabama Pwr. Co. Barry Plant Proj.) Series 2007 C, 3.78%, tender 6/16/26 (b) | 100,000 | 100,596 | |
Series 2009 E, 1%, tender 6/26/25 (b) | 205,000 | 199,948 | |
Southeast Alabama Gas Supply District Bonds (Proj. No.2) Series 2024 B, 5%, tender 5/1/32 (b) | 150,000 | 159,720 | |
Southeast Energy Auth. Coop. Dis Bonds (Proj. No. 6) Series 2023 B, 5%, tender 6/1/30 (b) | 140,000 | 148,275 | |
Southeast Energy Auth. Rev. Bonds Series 2022 B1, 5%, tender 8/1/28 (b) | 20,000 | 20,893 | |
TOTAL ALABAMA | 798,469 | ||
Arizona - 4.0% | |||
Arizona Indl. Dev. Auth. Rev. Series 2019 2, 3.625% 5/20/33 | 91,312 | 86,649 | |
Chandler Indl. Dev. Auth. Indl. Dev. Rev. Bonds (Intel Corp. Proj.): | |||
Series 2007, 4.1%, tender 6/15/28 (b)(c) | 100,000 | 101,301 | |
Series 2022 2, 5%, tender 9/1/27 (b)(c) | 50,000 | 51,549 | |
Maricopa County Indl. Dev. Auth. Series 2024 D, 5% 12/1/38 (d) | 150,000 | 166,004 | |
Phoenix Civic Impt. Corp. Wastewtr. Sys. Rev. Series 2016, 5% 7/1/30 | 50,000 | 51,822 | |
Salt Verde Finl. Corp. Sr. Gas Rev. Series 2007 1, 5% 12/1/32 | 165,000 | 178,003 | |
TOTAL ARIZONA | 635,328 | ||
California - 7.0% | |||
California Health Facilities Fing. Auth. Rev. Bonds Series 2019 C, 5%, tender 10/1/25 (b) | 150,000 | 151,257 | |
California Hsg. Fin. Agcy.: | |||
Series 2019 A, 4% 3/20/33 | 92,436 | 93,810 | |
Series 2021 1, 3.5% 11/20/35 | 104,445 | 100,185 | |
California Muni. Fin. Auth. Rev. Series 2018, 5% 10/1/25 | 15,000 | 15,212 | |
California Muni. Fin. Auth. Solid Waste Disp. Rev. Bonds Series 2023 A, 4.375%, tender 9/1/33 (b)(c) | 140,000 | 146,596 | |
California Statewide Cmntys. Dev. Auth. Rev. Series 2016, 5% 10/1/33 | 25,000 | 25,459 | |
Elk Grove Unified School District Series 2019, 3.25% 8/1/38 | 10,000 | 9,279 | |
Los Angeles Dept. Arpt. Rev. Series 2023 A, 5.25% 5/15/39 (c) | 300,000 | 336,232 | |
Los Angeles Dept. of Wtr. & Pwr. Wtrwks. Rev.: | |||
Series 2017 A, 5% 7/1/32 | 15,000 | 15,694 | |
Series 2022 B, 5% 7/1/31 | 30,000 | 34,354 | |
Los Angeles Unified School District Series 2024 A, 5% 7/1/30 | 150,000 | 168,146 | |
Riverside Elec. Rev. Series 2019 A, 5% 10/1/43 | 5,000 | 5,334 | |
San Francisco Bay Area Rapid Transit District Sales Tax Rev. Series 2015 A, 5% 7/1/27 | 10,000 | 10,178 | |
TOTAL CALIFORNIA | 1,111,736 | ||
Colorado - 4.9% | |||
Colorado Ctfs. of Prtn. Series 2020 A, 4% 12/15/38 | 10,000 | 10,240 | |
Colorado Health Facilities Auth. Rev. Bonds: | |||
Bonds Series 2022 B, 5%, tender 8/17/26 (b) | 280,000 | 289,231 | |
Series 2019 A2, 5% 8/1/33 | 125,000 | 134,257 | |
Vauxmont Metropolitan District Series 2020, 5% 12/1/28 (Assured Guaranty Muni. Corp. Insured) | 325,000 | 346,811 | |
TOTAL COLORADO | 780,539 | ||
Connecticut - 3.4% | |||
Connecticut Gen. Oblig.: | |||
Series 2019 A, 5% 4/15/33 | 25,000 | 27,070 | |
Series 2020 A, 3% 1/15/39 | 25,000 | 22,458 | |
Series 2021 D, 5% 7/15/28 | 75,000 | 80,935 | |
Connecticut Health & Edl. Facilities Auth. Rev.: | |||
Bonds Series 2017 C2, 2.8%, tender 2/3/26 (b) | 150,000 | 148,940 | |
Series 2016 A, 2%, tender 7/1/26 (b) | 35,000 | 33,915 | |
Connecticut Hsg. Fin. Auth. Series 2021 D1: | |||
5% 11/15/27 | 10,000 | 10,530 | |
5% 11/15/28 | 25,000 | 26,611 | |
Connecticut Spl. Tax Oblig. Trans. Infrastructure Rev.: | |||
Series 2021 A, 4% 5/1/36 | 130,000 | 134,857 | |
Series A, 5% 5/1/29 | 20,000 | 21,891 | |
South Central Reg'l. Wtr. Auth. Wtr. Sys. Rev. Series 32 B, 5% 8/1/32 | 25,000 | 25,918 | |
TOTAL CONNECTICUT | 533,125 | ||
District Of Columbia - 0.2% | |||
District of Columbia Univ. Rev. Series 2017: | |||
5% 4/1/29 | 20,000 | 20,751 | |
5% 4/1/33 | 10,000 | 10,331 | |
TOTAL DISTRICT OF COLUMBIA | 31,082 | ||
Florida - 5.6% | |||
Broward County School Board Ctfs. of Prtn.: | |||
Series 2015 A, 5% 7/1/26 | 30,000 | 30,444 | |
Series 2020 A, 5% 7/1/33 | 25,000 | 27,438 | |
Collier County Indl. Dev. Auth. Healthcare Facilities Rev. Bonds (NCH Healthcare Sys. Projs.) Series 2024 B2, 5%, tender 10/1/31 (Assured Guaranty Muni. Corp. Insured) (b) | 100,000 | 108,380 | |
Escambia County Health Facilities Auth. Health Facilities Rev. Series 2020 A, 5% 8/15/34 | 200,000 | 207,682 | |
Florida Dev. Fin. Corp. Rev. (Brightline Florida Passenger Rail Proj.) Series 2024, 5% 7/1/41 (c) | 10,000 | 10,228 | |
Florida Hsg. Fin. Corp. Rev. Series 2020 1, 3.5% 7/1/51 | 55,000 | 54,361 | |
Hernando County School Board Ctfs. (School Board of Hernando County, Florida Master Lease Prog.) Series 2016 A, 3% 7/1/34 (Assured Guaranty Muni. Corp. Insured) | 30,000 | 27,496 | |
Highlands County Health Facilities Auth. Rev. Bonds Series 2024 C, 5%, tender 11/15/31 (b) | 100,000 | 110,718 | |
JEA Wtr. & Swr. Sys. Rev.: | |||
Series 2017 A, 5% 10/1/29 | 25,000 | 26,470 | |
Series 2020 A, 3% 10/1/36 | 20,000 | 18,091 | |
Lakeland Hosp. Sys. Rev. Series 2024, 5% 11/15/36 (d) | 75,000 | 84,570 | |
Miami-Dade County Wtr. & Swr. Rev. Series 2017 B, 5% 10/1/27 | 60,000 | 63,691 | |
Palm Beach County Health Facilities Auth. Hosp. Rev. (Jupiter Med. Ctr. Proj.) Series 2022, 5% 11/1/35 | 100,000 | 105,617 | |
Palm Beach County School Board Ctfs. of Prtn. Series 2018 A, 5% 8/1/24 | 20,000 | 20,000 | |
TOTAL FLORIDA | 895,186 | ||
Georgia - 4.4% | |||
Bartow County Dev. Auth. Poll. Cont. Rev. Bonds (Georgia Pwr. Co. Plant Bowen Proj.): | |||
Series 2009, 3.95%, tender 3/8/28 (b) | 100,000 | 102,322 | |
Series 2013, 2.875%, tender 8/19/25 (b) | 100,000 | 98,836 | |
Fulton County Dev. Auth. Rev. Series 2019, 5% 6/15/44 | 10,000 | 10,505 | |
Main Street Natural Gas, Inc. Bonds: | |||
Series 2019 B, 4%, tender 12/2/24 (b) | 135,000 | 135,082 | |
Series 2021 A, 4%, tender 9/1/27 (b) | 100,000 | 100,760 | |
Series 2022 B, 5%, tender 6/1/29 (b) | 15,000 | 15,770 | |
Monroe County Dev. Auth. Poll. Cont. Rev. Bonds (Georgia Pwr. Co. Plant Scherer Proj.) Series 2009, 3.875%, tender 3/6/26 (b) | 100,000 | 100,916 | |
Private Colleges & Univs. Auth. Rev. Series 2016 B, 3% 10/1/43 | 160,000 | 130,035 | |
TOTAL GEORGIA | 694,226 | ||
Hawaii - 0.1% | |||
Honolulu City & County Gen. Oblig. Series 2019 A, 5% 9/1/27 | 10,000 | 10,633 | |
Illinois - 8.2% | |||
Illinois Fin. Auth.: | |||
Series 2022 A, 5% 10/1/32 | 100,000 | 104,903 | |
Series 2023 A, 5% 5/15/38 | 150,000 | 170,433 | |
Illinois Fin. Auth. Academic Facilities: | |||
(Provident Group - UIUC Properties LLC - Univ. of Illinois at Urbana-Champaign Proj.) Series 2019 A, 5% 10/1/29 | 250,000 | 268,142 | |
(Provident Group UIUC Properties LLC Univ. of Illinois at Urbana-Champaign Proj.) Series 2019 A: | |||
5% 10/1/32 | 10,000 | 10,661 | |
5% 10/1/38 | 100,000 | 104,766 | |
Illinois Fin. Auth. Rev.: | |||
(Presence Health Proj.) Series 2016 C, 5% 2/15/36 | 30,000 | 31,181 | |
Series 2014 A, 5% 10/1/26 | 40,000 | 40,121 | |
Series 2016 C, 4% 2/15/41 | 50,000 | 49,081 | |
Series 2016, 3.125% 5/15/37 | 65,000 | 58,925 | |
Illinois Gen. Oblig.: | |||
Series 2014, 5% 2/1/39 | 100,000 | 100,007 | |
Series 2016, 5% 1/1/35 | 80,000 | 81,240 | |
Series 2017 D, 5% 11/1/25 | 100,000 | 102,192 | |
Series 2023 C, 5% 5/1/29 | 50,000 | 53,815 | |
Series 2024 B, 5% 5/1/38 | 100,000 | 111,604 | |
Illinois Hsg. Dev. Auth. Rev. Series D, 3.75% 4/1/50 | 20,000 | 19,877 | |
TOTAL ILLINOIS | 1,306,948 | ||
Indiana - 1.7% | |||
Indiana Dev. Fin. Auth. Envir. Rev. Bonds Series 2022 A1, 4.5%, tender 6/1/32 (b)(c) | 100,000 | 100,421 | |
Indiana Hsg. & Cmnty. Dev. Auth.: | |||
Series 2021 B, Series 2021 B, 5% 1/1/28 | 15,000 | 15,800 | |
Series 2021 B, 5% 7/1/28 | 115,000 | 121,785 | |
Series A, 5% 7/1/28 | 25,000 | 26,475 | |
TOTAL INDIANA | 264,481 | ||
Iowa - 1.3% | |||
Iowa Student Ln. Liquidity Corp. Student Ln. Rev.: | |||
Series 2022 B, 5% 12/1/29 (c) | 100,000 | 104,741 | |
Series 2023 B, 5% 12/1/29 (c) | 100,000 | 104,741 | |
TOTAL IOWA | 209,482 | ||
Kentucky - 2.7% | |||
Ashland Med. Ctr. Rev. Series 2019, 4% 2/1/33 | 50,000 | 49,382 | |
Kentucky Bond Dev. Corp. Edl. Facilities Series 2021: | |||
4% 6/1/32 | 105,000 | 106,768 | |
4% 6/1/33 | 5,000 | 5,079 | |
4% 6/1/35 | 15,000 | 15,205 | |
Kentucky State Property & Buildings Commission Rev.: | |||
Series A: | |||
5% 11/1/31 | 30,000 | 32,025 | |
5% 11/1/33 | 15,000 | 15,995 | |
Series B, 5% 8/1/26 | 75,000 | 77,694 | |
Kentucky, Inc. Pub. Energy Bonds: | |||
Series 2024 A, 5%, tender 7/1/30 (b) | 20,000 | 21,192 | |
Series 2024 A1, 5.25%, tender 2/1/32 (b) | 100,000 | 108,871 | |
TOTAL KENTUCKY | 432,211 | ||
Louisiana - 0.6% | |||
St. John Baptist Parish Rev. Bonds (Marathon Oil Corp.) Series 2017, 4.05%, tender 7/1/26 (b) | 100,000 | 100,162 | |
Maine - 0.1% | |||
Maine Health & Higher Edl. Facilities Auth. Rev. Series 2017 B, 5% 7/1/28 | 10,000 | 10,439 | |
Maryland - 1.0% | |||
Baltimore Proj. Rev. Series 2017 A, 5% 7/1/28 | 45,000 | 46,943 | |
Maryland Dept. of Trans.: | |||
Series 2016, 4% 9/1/27 | 15,000 | 15,487 | |
Series 2021 A, 2% 10/1/34 | 15,000 | 12,237 | |
Maryland Gen. Oblig. Series A, 5% 8/1/34 | 15,000 | 16,633 | |
Montgomery County Gen. Oblig. Ctfs. of Prtn. Series 2020 A, 5% 10/1/27 | 50,000 | 53,251 | |
Univ. of Maryland Sys. Auxiliary Facility & Tuition Rev. Series 2018 A, 3.125% 4/1/35 | 15,000 | 14,426 | |
TOTAL MARYLAND | 158,977 | ||
Massachusetts - 5.5% | |||
Arlington Gen. Oblig. Series 2021: | |||
2% 9/15/34 | 275,000 | 229,373 | |
2% 9/15/35 | 100,000 | 81,918 | |
Billerica Gen. Oblig. Series 2017, 3.125% 2/1/34 | 100,000 | 97,214 | |
Foxborough Gen. Oblig. Series 2016, 3% 5/15/46 | 25,000 | 20,648 | |
Mansfield Gen. Oblig. Series 2017, 3.5% 5/15/42 | 20,000 | 18,935 | |
Massachusetts Bay Trans. Auth. Sales Tax Rev.: | |||
Series 2015 B, 5% 7/1/26 (Pre-Refunded to 7/1/25 @ 100) | 10,000 | 10,183 | |
Series 2016 A, 0% 7/1/29 | 5,000 | 4,273 | |
Series 2021 A1, 5% 7/1/35 | 45,000 | 50,220 | |
Massachusetts Dev. Fin. Agcy. Rev.: | |||
(Partners Healthcare Sys., Inc. Proj.) Series 2017 S, 5% 7/1/32 | 15,000 | 15,858 | |
Bonds Series A1, 5%, tender 1/31/30 (b) | 20,000 | 21,829 | |
Series 2015 O1, 4% 7/1/45 | 30,000 | 28,725 | |
Series 2018 L, 5% 10/1/33 | 35,000 | 36,086 | |
Series 2020 A: | |||
5% 10/15/29 | 35,000 | 38,823 | |
5% 10/15/30 | 20,000 | 22,559 | |
Series 2021 G, 4% 7/1/46 | 75,000 | 69,840 | |
Massachusetts Gen. Oblig.: | |||
Series 2017 A, 5% 4/1/36 | 15,000 | 15,656 | |
Series 2017 D, 5% 7/1/27 | 25,000 | 26,533 | |
Series A, 5% 7/1/31 | 10,000 | 10,336 | |
Massachusetts School Bldg. Auth. Dedicated Sales Tax Rev. Series A, 5% 8/15/32 | 10,000 | 11,177 | |
Univ. of Massachusetts Bldg. Auth. Rev. Series 2021 1, 5% 11/1/32 | 50,000 | 56,404 | |
TOTAL MASSACHUSETTS | 866,590 | ||
Michigan - 1.4% | |||
Grand Rapids San. Swr. Sys. Rev.: | |||
Series 2018, 5% 1/1/35 | 5,000 | 5,311 | |
Series 2018, 5% 1/1/29 | 25,000 | 26,750 | |
Great Lakes Wtr. Auth. Sew Disp. Sys. Series 2018 B, 5% 7/1/29 | 45,000 | 49,338 | |
Kalamazoo Hosp. Fin. Auth. Hosp. Facilities Rev. Series 2016, 4% 5/15/36 | 10,000 | 9,913 | |
Lake Orion Cmnty. School District Series 2016, 5% 5/1/25 | 10,000 | 10,141 | |
Michigan Fin. Auth. Rev.: | |||
Bonds Series 2019 B, 5%, tender 11/16/26 (b) | 10,000 | 10,290 | |
Series 2016: | |||
5% 11/15/28 | 15,000 | 15,485 | |
5% 11/15/30 | 35,000 | 36,132 | |
5% 11/15/34 | 15,000 | 15,451 | |
Michigan Hosp. Fin. Auth. Rev.: | |||
Series 2010 F, 4% 11/15/47 | 25,000 | 23,457 | |
Series 2010 F4, 5% 11/15/47 | 10,000 | 10,518 | |
Univ. of Michigan Rev. Series 2020 A, 5% 4/1/39 | 10,000 | 10,948 | |
TOTAL MICHIGAN | 223,734 | ||
Minnesota - 2.9% | |||
Anoka-Hennepin Independent School District #11 Series 2020 A, 4% 2/1/29 | 10,000 | 10,345 | |
Minneapolis Multi-family Rev. (Gateway Northeast Proj.) Series 2019, 2.46% 1/1/38 | 98,236 | 79,058 | |
Minnesota Gen. Oblig. Series 2019 A, 5% 8/1/30 | 15,000 | 16,465 | |
Minnesota Higher Ed. Facilities Auth. Rev.: | |||
Bonds Series 2024 B2, 5%, tender 10/1/29 (b) | 100,000 | 106,354 | |
Series 2017, 4% 10/1/41 | 20,000 | 19,500 | |
Minnesota Hsg. Fin. Agcy.: | |||
Series 2022 A, 5% 8/1/32 | 100,000 | 114,195 | |
Series B, 4% 8/1/36 | 15,000 | 15,437 | |
Waconia Independent School District #110 (MN School District Cr. Enhancement Prog.) Series 2015 B, 3.25% 2/1/39 | 110,000 | 102,138 | |
TOTAL MINNESOTA | 463,492 | ||
Nebraska - 1.2% | |||
Central Plains Energy Proj. Rev. Bonds Series 2019, 4%, tender 8/1/25 (b) | 50,000 | 50,092 | |
Douglas County Hosp. Auth. #2 Health Facilities Rev. Series 2020 A, 5% 11/15/30 | 125,000 | 136,002 | |
TOTAL NEBRASKA | 186,094 | ||
New Hampshire - 1.1% | |||
New Hampshire Health & Ed. Facilities Auth.: | |||
(Concord Hosp.) Series 2017, 5% 10/1/42 | 15,000 | 15,428 | |
(Partners Healthcare Sys., Inc. Proj.) Series 2017, 5% 7/1/25 | 5,000 | 5,094 | |
Series 2023 B, 5.5% 11/1/31 (c) | 50,000 | 54,447 | |
New Hampshire Nat'l. Fin. Auth. Series 2022 2, 4% 10/20/36 | 97,636 | 95,509 | |
TOTAL NEW HAMPSHIRE | 170,478 | ||
New Jersey - 4.4% | |||
Gloucester County Impt. Auth. Rev. (Rowan Univ. Projs.) Series 2024, 5% 7/1/34 (Build America Mutual Assurance Insured) | 150,000 | 169,122 | |
New Jersey Econ. Dev. Auth. Series 2024 SSS, 5% 6/15/27 | 100,000 | 105,447 | |
New Jersey Edl. Facility Series A, 5% 7/1/36 | 15,000 | 15,915 | |
New Jersey Health Care Facilities Fing. Auth. Rev. Series 2016 A, 5% 7/1/33 | 10,000 | 10,299 | |
New Jersey Trans. Trust Fund Auth.: | |||
Series 2018 A, 5% 12/15/32 | 100,000 | 106,736 | |
Series 2021 A, 5% 6/15/33 | 95,000 | 105,221 | |
Series 2022 A, 4% 6/15/39 | 30,000 | 30,197 | |
Series 2022 CC, 5% 6/15/33 | 100,000 | 112,965 | |
Series A, 0% 12/15/31 | 50,000 | 38,292 | |
TOTAL NEW JERSEY | 694,194 | ||
New York - 9.1% | |||
Dutchess County Local Dev. Corp. Rev. (Vassar College Proj.) Series 2020, 5% 7/1/45 | 25,000 | 26,279 | |
Long Island Pwr. Auth. Elec. Sys. Rev. Series 2018, 5% 9/1/27 | 15,000 | 15,951 | |
Monroe County Indl. Dev. Corp. (Univ. of Rochester Proj.) Series 2017 A, 3.875% 7/1/42 | 10,000 | 9,674 | |
New York City Hsg. Dev. Corp. Bonds: | |||
Series 2023 E2, 3.8%, tender 1/3/28 (b) | 50,000 | 50,486 | |
Series 2024 A2, 3.625%, tender 7/1/28 (b) | 150,000 | 150,804 | |
New York City Transitional Fin. Auth. Bldg. Aid Rev. Series 2017 S1, 5% 7/15/28 | 50,000 | 52,494 | |
New York Dorm. Auth. Rev. Series 2022 A, 5% 7/1/34 | 200,000 | 215,985 | |
New York Metropolitan Trans. Auth. Rev.: | |||
Series 2017 C1: | |||
5% 11/15/27 | 20,000 | 21,131 | |
5% 11/15/29 | 50,000 | 53,162 | |
5% 11/15/31 | 140,000 | 148,440 | |
Series 2019 C, 5% 11/15/39 | 70,000 | 74,427 | |
New York State Dorm. Auth.: | |||
Series 2017 A, 5% 2/15/31 | 10,000 | 10,410 | |
Series 2019 D, 4% 2/15/36 | 15,000 | 15,413 | |
New York State Hsg. Fin. Agcy. Rev. Bonds: | |||
Series 2023 E2, 3.875%, tender 5/1/28 (b) | 20,000 | 20,150 | |
Series 2024 A, 3.375%, tender 11/1/27 (b) | 150,000 | 150,151 | |
New York State Urban Dev. Corp. Series 2020 E, 4% 3/15/35 | 30,000 | 30,822 | |
New York State Urban Eev Corp. Series 2019 A, 5% 3/15/37 | 80,000 | 86,987 | |
New York Trans. Dev. Corp. (Delta Air Lines, Inc. - Laguardia Arpt. Terminals C&D Redev. Proj.) Series 2023, 6% 4/1/35 (c) | 100,000 | 112,792 | |
Saratoga County Cap. Resources Rev. (Skidmore College Proj.) Series 2020 A, 5% 7/1/45 | 85,000 | 90,595 | |
Triborough Bridge & Tunnel Auth. Series 2023 A, 4% 11/15/34 | 100,000 | 106,016 | |
TOTAL NEW YORK | 1,442,169 | ||
North Carolina - 0.2% | |||
Charlotte-Mecklenburg Hosp. Auth. Health Care Sys. Rev. Bonds Series 2021 C, 5%, tender 12/1/28 (b) | 25,000 | 26,722 | |
Ohio - 3.9% | |||
Cuyahoga Cmnty. College District Series 2018, 3.5% 12/1/39 | 30,000 | 28,349 | |
Muskingum County Hosp. Facilities (Genesis Healthcare Sys. Obligated Group Proj.) Series 2013, 5% 2/15/48 | 50,000 | 48,077 | |
Ohio Air Quality Dev. Auth. Rev. Bonds Series 2022 B, 4.25%, tender 6/1/27 (b)(c) | 150,000 | 151,160 | |
Ohio Gen. Oblig. Series 2019 A, 5% 5/1/30 | 20,000 | 21,029 | |
Ohio Higher Edl. Facility Commission Rev. (Univ. of Dayton Proj.) Series 2018 B, 5% 12/1/29 | 25,000 | 26,464 | |
Ohio Hsg. Fin. Agcy. Residential Mtg. Rev. (Mtg. Backed Securities Prog.) Series 2019 B, 4.5% 3/1/50 | 75,000 | 75,595 | |
Ohio Spl. Oblig. Series 2021 A, 5% 4/1/41 | 20,000 | 21,657 | |
Ohio State Univ. Gen. Receipts (Multiyear Debt Issuance Prog.) Series 2020 A, 5% 12/1/29 | 10,000 | 11,064 | |
Perrysburg Exmp Vlg School Dis Series 2015, 3.75% 12/1/43 | 50,000 | 47,672 | |
Port Gtr Cincinnati Dev. Auth. O (Mariemont City School District Proj.) Series 2019, 3.25% 12/1/35 | 115,000 | 108,852 | |
Scioto County Hosp. Facilities Rev. Series 2016, 3.5% 2/15/38 | 85,000 | 79,022 | |
TOTAL OHIO | 618,941 | ||
Oklahoma - 0.3% | |||
Grand River Dam Auth. Rev. Series 2014 A, 5% 6/1/26 | 40,000 | 40,059 | |
Oklahoma State Univ. Agricultural And Mechanical College Series 2020 A, 5% 9/1/32 | 10,000 | 11,073 | |
TOTAL OKLAHOMA | 51,132 | ||
Oregon - 1.4% | |||
Medford Hosp. Facilities Auth. Rev. (Asante Projs.) Series 2020 A, 5% 8/15/38 | 10,000 | 10,688 | |
Oregon Facilities Auth. Rev. Series 2022 B, 5% 6/1/30 | 30,000 | 32,523 | |
Salem Hosp. Facility Auth. Rev. Series 2016 A, 4% 5/15/41 | 25,000 | 24,499 | |
Union County Hosp. Facility Auth. (Grande Ronde Hosp. Proj.) Series 2022, 5% 7/1/25 | 150,000 | 151,353 | |
TOTAL OREGON | 219,063 | ||
Pennsylvania - 1.3% | |||
Council Rock School District Series 2016 A, 3.125% 11/15/34 | 25,000 | 23,151 | |
Cumberland County Muni. Auth. Rev. (Dickinson Proj.) Series 2017, 5% 5/1/37 | 5,000 | 5,197 | |
Delaware County Auth. College Rev. Series 2017 A, 3.75% 10/1/46 | 85,000 | 78,961 | |
Dubois Hosp. Auth. Hosp. Rev. (Penn Highlands Healthcare Proj.) Series 2018: | |||
5% 7/15/27 | 50,000 | 51,517 | |
5% 7/15/28 | 35,000 | 36,281 | |
Montgomery County Higher Ed. & Health Auth. Rev. Series 2019, 5% 9/1/31 | 10,000 | 10,641 | |
TOTAL PENNSYLVANIA | 205,748 | ||
Rhode Island - 0.7% | |||
Rhode Island Student Ln. Auth. Student Ln. Rev. Series 2021 A, 5% 12/1/30 (c) | 100,000 | 106,164 | |
Tennessee - 0.7% | |||
Knox County Health Edl. & Hsg. Facilities Board Rev. Series 2017, 5% 4/1/27 | 20,000 | 20,547 | |
Nashville and Davidson County Metropolitan Govt. Gen. Oblig. Series 2021 C, 5% 1/1/28 | 50,000 | 53,501 | |
Shelby County Health Edl. & Hsg. Facilities Board Rev. Series 2017 A, 3.375% 5/1/32 | 45,000 | 43,580 | |
TOTAL TENNESSEE | 117,628 | ||
Texas - 4.5% | |||
Alvin Independent School District Series 2016 A, 5% 2/15/28 | 25,000 | 25,779 | |
Cypress-Fairbanks Independent School District Series 2016, 5% 2/15/25 | 15,000 | 15,164 | |
Georgetown Util. Sys. Rev. Series 2022, 5% 8/15/27 (Assured Guaranty Muni. Corp. Insured) | 100,000 | 105,707 | |
Harris County Cultural Ed. Facilities Fin. Corp. Rev.: | |||
Series 2014 A, 5% 12/1/26 | 90,000 | 90,470 | |
Series 2024 B, 5% 7/1/37 | 100,000 | 114,422 | |
Mission Econ. Dev. Corp. Solid Waste Disp. Rev. Bonds (Republic Svcs., Inc. Proj.) Series 2024, 4%, tender 6/1/34 (b)(c) | 100,000 | 101,235 | |
San Antonio Wtr. Sys. Rev.: | |||
Series 2018 A, 5% 5/15/33 | 5,000 | 5,338 | |
Series 2020 A, 5% 5/15/27 | 10,000 | 10,536 | |
Series 2022 B, 5% 5/15/36 | 105,000 | 118,422 | |
Tarrant Reg'l. Wtr. District (City of Dallas Proj.) Series 2021 A, 4% 9/1/25 | 45,000 | 45,540 | |
Univ. of Houston Univ. Revs. Series 2021 A, 2% 2/15/33 | 25,000 | 21,214 | |
Wichita Falls Independent School District Series 2021, 4% 2/1/28 | 50,000 | 51,558 | |
TOTAL TEXAS | 705,385 | ||
Virginia - 2.6% | |||
Fairfax County Redev. & Hsg. Auth. Rev. Bonds (Dominion Square North Proj.) Series 2023, 5%, tender 1/1/28 (b) | 100,000 | 103,488 | |
Louisa Indl. Dev. Auth. Poll. Cont. Rev. Bonds (Virginia Elec. and Pwr. Co. Proj.) Series 2008 B, 0.75%, tender 9/2/25 (b) | 105,000 | 99,910 | |
Virginia College Bldg. Auth. Edl. Facilities Rev.: | |||
(21st Century College and Equip. Progs.) Series 2017 E, 5% 2/1/31 | 10,000 | 10,655 | |
(Virginia Gen. Oblig.) Series 2017 E, 5% 2/1/30 | 15,000 | 15,994 | |
Series 2019 A, 3% 2/1/36 | 15,000 | 13,966 | |
Virginia Commonwealth Trans. Board Rev.: | |||
(Virginia Gen. Oblig. Proj.) Series 2017 A, 5% 5/15/29 | 60,000 | 63,630 | |
(Virginia Gen. Oblig.) Series 2017 A, 5% 5/15/27 | 15,000 | 15,862 | |
Series 2019, 3% 5/15/33 | 100,000 | 94,257 | |
TOTAL VIRGINIA | 417,762 | ||
Washington - 3.2% | |||
Energy Northwest Elec. Rev. Series 2020 A, 5% 7/1/34 | 95,000 | 105,258 | |
Washington Gen. Oblig.: | |||
Series 2018 A, 5% 8/1/27 | 50,000 | 53,099 | |
Series 2018 C, 5% 8/1/30 | 25,000 | 26,364 | |
Series 2018 D, 5% 8/1/33 | 20,000 | 21,015 | |
Series 2020 A, 5% 8/1/27 | 65,000 | 69,029 | |
Series 2020 C, 5% 2/1/37 | 15,000 | 16,429 | |
Series R-2017 A, 5% 8/1/30 | 10,000 | 10,363 | |
Washington Health Care Facilities Auth. Rev.: | |||
(Overlake Hosp. Med. Ctr., WA. Proj.) Series 2017 B, 5% 7/1/27 | 25,000 | 25,389 | |
(Providence Health Systems Proj.) Series 2018 B, 5% 10/1/33 | 45,000 | 47,042 | |
Series 2017 A, 4% 7/1/37 | 125,000 | 115,756 | |
Series 2019 A2, 5% 8/1/33 | 10,000 | 10,741 | |
TOTAL WASHINGTON | 500,485 | ||
West Virginia - 1.0% | |||
West Virginia Hosp. Fin. Auth. Hosp. Rev.: | |||
Series 2016 A, 3.25% 6/1/39 | 60,000 | 54,070 | |
Series 2018 A, 5% 1/1/43 | 100,000 | 101,494 | |
TOTAL WEST VIRGINIA | 155,564 | ||
Wisconsin - 2.7% | |||
Blue Ridge Healthcare Pub. Fin. Auth. Series 2020 A, 5% 1/1/31 | 160,000 | 168,729 | |
Wisconsin Gen. Oblig. Series 2025 1, 5% 5/1/34 (d) | 150,000 | 170,012 | |
Wisconsin Health & Edl. Facilities Series 2013 B2, 4% 11/15/43 | 55,000 | 53,312 | |
Wisconsin Hsg. and Econ. Dev. Auth. Multi-family Hsg. Rev. Bonds (100 E. Nat'l. Proj.) Series 2024 J, 5%, tender 8/1/26 (b) | 5,000 | 5,157 | |
Wisconsin St Gen. Fund Annual Appropriation Series 2019 A: | |||
5% 5/1/25 (Escrowed to Maturity) | 10,000 | 10,156 | |
5% 5/1/26 (Escrowed to Maturity) | 20,000 | 20,744 | |
TOTAL WISCONSIN | 428,110 | ||
TOTAL MUNICIPAL BONDS (Cost $15,390,131) | 15,572,479 | ||
Municipal Notes - 1.9% | |||
Principal Amount (a) | Value ($) | ||
Delaware - 0.6% | |||
Delaware Econ. Dev. Auth. Rev. (Delmarva Pwr. & Lt. Co. Proj.) Series 1994, 4.32% 8/1/24, VRDN (b)(c) | 100,000 | 100,000 | |
Georgia - 1.3% | |||
Burke County Indl. Dev. Auth. Poll. Cont. Rev. (Georgia Pwr. Co. Plant Vogtle Proj.) Series 2018, 4.15% 8/1/24, VRDN (b) | 200,000 | 200,000 | |
TOTAL MUNICIPAL NOTES (Cost $300,000) | 300,000 | ||
Money Market Funds - 0.9% | |||
Shares | Value ($) | ||
Fidelity Municipal Cash Central Fund 3.90% (e)(f) (Cost $136,336) | 136,295 | 136,322 | |
TOTAL INVESTMENT IN SECURITIES - 101.1% (Cost $15,826,467) | 16,008,801 |
NET OTHER ASSETS (LIABILITIES) - (1.1)% | (173,687) |
NET ASSETS - 100.0% | 15,835,114 |
VRDN | - | VARIABLE RATE DEMAND NOTE (A debt instrument that is payable upon demand, either daily, weekly or monthly) |
(a) | Amount is stated in United States dollars unless otherwise noted. |
(b) | Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end. |
(c) | Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals. |
(d) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(e) | Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Municipal Cash Central Fund. |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Municipal Cash Central Fund 3.90% | 49,005 | 1,138,351 | 1,050,959 | 3,075 | (56) | (19) | 136,322 | 0.0% |
Total | 49,005 | 1,138,351 | 1,050,959 | 3,075 | (56) | (19) | 136,322 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Municipal Securities | 15,872,479 | - | 15,872,479 | - |
Money Market Funds | 136,322 | 136,322 | - | - |
Total Investments in Securities: | 16,008,801 | 136,322 | 15,872,479 | - |
Statement of Assets and Liabilities | ||||
As of July 31, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $15,690,131) | $ | 15,872,479 | ||
Fidelity Central Funds (cost $136,336) | 136,322 | |||
Total Investment in Securities (cost $15,826,467) | $ | 16,008,801 | ||
Cash | 102,921 | |||
Receivable for fund shares sold | 26,151 | |||
Interest receivable | 155,986 | |||
Distributions receivable from Fidelity Central Funds | 344 | |||
Prepaid expenses | 3 | |||
Receivable from investment adviser for expense reductions | 6,713 | |||
Total assets | 16,300,919 | |||
Liabilities | ||||
Payable for investments purchased on a delayed delivery basis | $ | 422,862 | ||
Payable for fund shares redeemed | 1,546 | |||
Distributions payable | 4,044 | |||
Accrued management fee | 5,912 | |||
Distribution and service plan fees payable | 1,470 | |||
Audit fee payable | 26,168 | |||
Other payables and accrued expenses | 3,803 | |||
Total liabilities | 465,805 | |||
Net Assets | $ | 15,835,114 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 15,690,699 | ||
Total accumulated earnings (loss) | 144,415 | |||
Net Assets | $ | 15,835,114 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($1,563,375 ÷ 154,673 shares)(a) | $ | 10.11 | ||
Maximum offering price per share (100/96.00 of $10.11) | $ | 10.53 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($1,158,945 ÷ 114,659 shares)(a) | $ | 10.11 | ||
Maximum offering price per share (100/96.00 of $10.11) | $ | 10.53 | ||
Class C : | ||||
Net Asset Value and offering price per share ($1,091,105 ÷ 109,825 shares)(a) | $ | 9.93 | ||
Fidelity Sustainable Intermediate Municipal Income Fund : | ||||
Net Asset Value, offering price and redemption price per share ($9,790,973 ÷ 968,638 shares) | $ | 10.11 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($1,077,844 ÷ 106,633 shares) | $ | 10.11 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($1,152,872 ÷ 114,054 shares) | $ | 10.11 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended July 31, 2024 (Unaudited) | ||||
Investment Income | ||||
Interest | $ | 264,945 | ||
Income from Fidelity Central Funds | 3,075 | |||
Total income | 268,020 | |||
Expenses | ||||
Management fee | $ | 32,840 | ||
Transfer agent fees | 1,337 | |||
Distribution and service plan fees | 8,824 | |||
Accounting fees and expenses | 311 | |||
Custodian fees and expenses | 3,141 | |||
Independent trustees' fees and expenses | 20 | |||
Registration fees | 81,046 | |||
Audit fees | 32,252 | |||
Legal | 26 | |||
Miscellaneous | 50 | |||
Total expenses before reductions | 159,847 | |||
Expense reductions | (123,691) | |||
Total expenses after reductions | 36,156 | |||
Net Investment income (loss) | 231,864 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 15,794 | |||
Fidelity Central Funds | (56) | |||
Total net realized gain (loss) | 15,738 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (132,416) | |||
Fidelity Central Funds | (19) | |||
Total change in net unrealized appreciation (depreciation) | (132,435) | |||
Net gain (loss) | (116,697) | |||
Net increase (decrease) in net assets resulting from operations | $ | 115,167 |
Statement of Changes in Net Assets | ||||
Six months ended July 31, 2024 (Unaudited) | Year ended January 31, 2024 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 231,864 | $ | 389,747 |
Net realized gain (loss) | 15,738 | (53,195) | ||
Change in net unrealized appreciation (depreciation) | (132,435) | 110,452 | ||
Net increase (decrease) in net assets resulting from operations | 115,167 | 447,004 | ||
Distributions to shareholders | (225,557) | (387,038) | ||
Share transactions - net increase (decrease) | 1,531,846 | 1,227,145 | ||
Total increase (decrease) in net assets | 1,421,456 | 1,287,111 | ||
Net Assets | ||||
Beginning of period | 14,413,658 | 13,126,547 | ||
End of period | $ | 15,835,114 | $ | 14,413,658 |
Fidelity Advisor® Sustainable Intermediate Municipal Income Fund Class A |
Six months ended (Unaudited) July 31, 2024 | Years ended January 31, 2024 | 2023 A | ||||
Selected Per-Share Data | ||||||
Net asset value, beginning of period | $ | 10.18 | $ | 10.14 | $ | 10.00 |
Income from Investment Operations | ||||||
Net investment income (loss) B,C | .148 | .273 | .181 | |||
Net realized and unrealized gain (loss) | (.077) | .032 | .137 | |||
Total from investment operations | .071 | .305 | .318 | |||
Distributions from net investment income | (.141) | (.265) | (.178) | |||
Total distributions | (.141) | (.265) | (.178) | |||
Net asset value, end of period | $ | 10.11 | $ | 10.18 | $ | 10.14 |
Total Return D,E,F | .71 % | 3.10% | 3.24% | |||
Ratios to Average Net Assets C,G,H | ||||||
Expenses before reductions | 2.32% I | 1.93% | 2.34% I,J | |||
Expenses net of fee waivers, if any | .62 % I | .62% | .62% I | |||
Expenses net of all reductions | .62% I | .62% | .61% I | |||
Net investment income (loss) | 2.94% I | 2.74% | 2.26% I | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 1,563 | $ | 1,613 | $ | 1,563 |
Portfolio turnover rate K | 15 % I | 30% | 14% I |
Fidelity Advisor® Sustainable Intermediate Municipal Income Fund Class M |
Six months ended (Unaudited) July 31, 2024 | Years ended January 31, 2024 | 2023 A | ||||
Selected Per-Share Data | ||||||
Net asset value, beginning of period | $ | 10.18 | $ | 10.14 | $ | 10.00 |
Income from Investment Operations | ||||||
Net investment income (loss) B,C | .148 | .273 | .181 | |||
Net realized and unrealized gain (loss) | (.077) | .032 | .137 | |||
Total from investment operations | .071 | .305 | .318 | |||
Distributions from net investment income | (.141) | (.265) | (.178) | |||
Total distributions | (.141) | (.265) | (.178) | |||
Net asset value, end of period | $ | 10.11 | $ | 10.18 | $ | 10.14 |
Total Return D,E,F | .71 % | 3.10% | 3.24% | |||
Ratios to Average Net Assets C,G,H | ||||||
Expenses before reductions | 2.34% I | 1.97% | 2.36% I,J | |||
Expenses net of fee waivers, if any | .62 % I | .62% | .62% I | |||
Expenses net of all reductions | .62% I | .62% | .61% I | |||
Net investment income (loss) | 2.94% I | 2.74% | 2.26% I | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 1,159 | $ | 1,180 | $ | 1,122 |
Portfolio turnover rate K | 15 % I | 30% | 14% I |
Fidelity Advisor® Sustainable Intermediate Municipal Income Fund Class C |
Six months ended (Unaudited) July 31, 2024 | Years ended January 31, 2024 | 2023 A | ||||
Selected Per-Share Data | ||||||
Net asset value, beginning of period | $ | 10.05 | $ | 10.08 | $ | 10.00 |
Income from Investment Operations | ||||||
Net investment income (loss) B,C | .108 | .196 | .120 | |||
Net realized and unrealized gain (loss) | (.089) | .036 | .137 | |||
Total from investment operations | .019 | .232 | .257 | |||
Distributions from net investment income | (.139) | (.262) | (.177) | |||
Total distributions | (.139) | (.262) | (.177) | |||
Net asset value, end of period | $ | 9.93 | $ | 10.05 | $ | 10.08 |
Total Return D,E,F | .20 % | 2.39% | 2.62% | |||
Ratios to Average Net Assets B,G,H | ||||||
Expenses before reductions | 3.10% I | 2.73% | 3.08% I,J | |||
Expenses net of fee waivers, if any | 1.37 % I | 1.37% | 1.37% I | |||
Expenses net of all reductions | 1.37% I | 1.37% | 1.36% I | |||
Net investment income (loss) | 2.19% I | 1.99% | 1.51% I | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 1,091 | $ | 1,090 | $ | 1,065 |
Portfolio turnover rate K | 15 % I | 30% | 14% I |
Fidelity® Sustainable Intermediate Municipal Income Fund |
Six months ended (Unaudited) July 31, 2024 | Years ended January 31, 2024 | 2023 A | ||||
Selected Per-Share Data | ||||||
Net asset value, beginning of period | $ | 10.18 | $ | 10.14 | $ | 10.00 |
Income from Investment Operations | ||||||
Net investment income (loss) B,C | .160 | .298 | .200 | |||
Net realized and unrealized gain (loss) | (.077) | .032 | .138 | |||
Total from investment operations | .083 | .330 | .338 | |||
Distributions from net investment income | (.153) | (.290) | (.198) | |||
Total distributions | (.153) | (.290) | (.198) | |||
Net asset value, end of period | $ | 10.11 | $ | 10.18 | $ | 10.14 |
Total Return D,E | .83 % | 3.36% | 3.44% | |||
Ratios to Average Net Assets C,F,G | ||||||
Expenses before reductions | 1.97% H | 1.62% | 2.03% H,I | |||
Expenses net of fee waivers, if any | .37 % H | .37% | .37% H | |||
Expenses net of all reductions | .37% H | .37% | .36% H | |||
Net investment income (loss) | 3.19% H | 2.99% | 2.51% H | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 9,791 | $ | 8,337 | $ | 7,307 |
Portfolio turnover rate J | 15 % H | 30% | 14% H |
Fidelity Advisor® Sustainable Intermediate Municipal Income Fund Class I |
Six months ended (Unaudited) July 31, 2024 | Years ended January 31, 2024 | 2023 A | ||||
Selected Per-Share Data | ||||||
Net asset value, beginning of period | $ | 10.18 | $ | 10.14 | $ | 10.00 |
Income from Investment Operations | ||||||
Net investment income (loss) B,C | .160 | .298 | .201 | |||
Net realized and unrealized gain (loss) | (.077) | .032 | .137 | |||
Total from investment operations | .083 | .330 | .338 | |||
Distributions from net investment income | (.153) | (.290) | (.198) | |||
Total distributions | (.153) | (.290) | (.198) | |||
Net asset value, end of period | $ | 10.11 | $ | 10.18 | $ | 10.14 |
Total Return D,E | .83 % | 3.36% | 3.44% | |||
Ratios to Average Net Assets C,F,G | ||||||
Expenses before reductions | 2.09% H | 1.74% | 2.12% H,I | |||
Expenses net of fee waivers, if any | .37 % H | .37% | .37% H | |||
Expenses net of all reductions | .37% H | .37% | .36% H | |||
Net investment income (loss) | 3.19% H | 2.99% | 2.51% H | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 1,078 | $ | 1,070 | $ | 1,035 |
Portfolio turnover rate J | 15 % H | 30% | 14% H |
Fidelity Advisor® Sustainable Intermediate Municipal Income Fund Class Z |
Six months ended (Unaudited) July 31, 2024 | Years ended January 31, 2024 | 2023 A | ||||
Selected Per-Share Data | ||||||
Net asset value, beginning of period | $ | 10.18 | $ | 10.14 | $ | 10.00 |
Income from Investment Operations | ||||||
Net investment income (loss) B,C | .163 | .304 | .205 | |||
Net realized and unrealized gain (loss) | (.077) | .032 | .137 | |||
Total from investment operations | .086 | .336 | .342 | |||
Distributions from net investment income | (.156) | (.296) | (.202) | |||
Total distributions | (.156) | (.296) | (.202) | |||
Net asset value, end of period | $ | 10.11 | $ | 10.18 | $ | 10.14 |
Total Return D,E | .86 % | 3.42% | 3.49% | |||
Ratios to Average Net Assets C,F,G | ||||||
Expenses before reductions | 1.96% H | 1.61% | 2.04% H,I | |||
Expenses net of fee waivers, if any | .31 % H | .31% | .31% H | |||
Expenses net of all reductions | .31% H | .31% | .30% H | |||
Net investment income (loss) | 3.25% H | 3.05% | 2.57% H | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 1,153 | $ | 1,124 | $ | 1,035 |
Portfolio turnover rate J | 15 % H | 30% | 14% H |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $298,449 |
Gross unrealized depreciation | (94,194) |
Net unrealized appreciation (depreciation) | $204,255 |
Tax cost | $15,804,546 |
Short-term | $(5,120) |
Long-term | (52,565) |
Total capital loss carryforward | $(57,685) |
Purchases ($) | Sales ($) | |
Fidelity Sustainable Intermediate Municipal Income Fund | 2,771,033 | 1,093,845 |
Maximum Management Fee Rate % | ||
Class A | .48 | |
Class M | .51 | |
Class C | .52 | |
Fidelity Sustainable Intermediate Municipal Income Fund | .43 | |
Class I | .52 | |
Class Z | .39 | |
Total Management Fee Rate % | |
Class A | .48 |
Class M | .51 |
Class C | .52 |
Fidelity Sustainable Intermediate Municipal Income Fund | .43 |
Class I | .52 |
Class Z | .39 |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | - % | .25% | 1,964 | 1,964 |
Class M | - % | .25% | 1,451 | 1,326 |
Class C | .75% | .25% | 5,409 | 5,409 |
8,824 | 8,699 |
Amount ($) | % of Class-Level Average Net Assets | |
Class A | 183 | .1367 |
Class M | 167 | .1709 |
Class C | 162 | .1788 |
Fidelity Sustainable Intermediate Municipal Income Fund | 618 | .0890 |
Class I | 160 | .1800 |
Class Z | 47 | .0500 |
1,337 |
% of Average Net Assets | |
Fidelity Sustainable Intermediate Municipal Income Fund | .0259 |
Amount ($) | |
Fidelity Sustainable Intermediate Municipal Income Fund | 13 |
Expense Limitations | Reimbursement ($) | |
Class A | .62% | 13,315 |
Class M | .62% | 9,933 |
Class C | 1.37% | 9,297 |
Fidelity Sustainable Intermediate Municipal Income Fund | .37% | 72,642 |
Class I | .37% | 9,149 |
Class Z | .31% | 9,202 |
123,538 |
Six months ended July 31, 2024 | Year ended January 31, 2024 | |
Fidelity Sustainable Intermediate Municipal Income Fund | ||
Distributions to shareholders | ||
Class A | $21,884 | $41,437 |
Class M | 16,176 | 29,702 |
Class C | 15,102 | 28,066 |
Fidelity Sustainable Intermediate Municipal Income Fund | 138,761 | 226,843 |
Class I | 16,257 | 29,994 |
Class Z | 17,377 | 30,996 |
Total | $225,557 | $387,038 |
Shares | Shares | Dollars | Dollars | |
Six months ended July 31, 2024 | Year ended January 31, 2024 | Six months ended July 31, 2024 | Year ended January 31, 2024 | |
Fidelity Sustainable Intermediate Municipal Income Fund | ||||
Class A | ||||
Shares sold | - | 3,854 | $ - | $38,433 |
Reinvestment of distributions | 2,175 | 4,164 | 21,884 | 41,424 |
Shares redeemed | (5,925) | (3,755) | (59,652) | (37,261) |
Net increase (decrease) | (3,750) | 4,263 | $(37,768) | $42,596 |
Class M | ||||
Shares sold | - | 3,418 | $ - | $35,000 |
Reinvestment of distributions | 1,608 | 2,985 | 16,176 | 29,702 |
Shares redeemed | (2,780) | (1,209) | (28,000) | (12,000) |
Net increase (decrease) | (1,172) | 5,194 | $(11,824) | $52,702 |
Class C | ||||
Shares sold | - | 4 | $ - | $42 |
Reinvestment of distributions | 1,525 | 2,850 | 15,102 | 28,066 |
Shares redeemed | (176) | (9) | (1,756) | (88) |
Net increase (decrease) | 1,349 | 2,845 | $13,346 | $28,020 |
Fidelity Sustainable Intermediate Municipal Income Fund | ||||
Shares sold | 149,302 | 134,915 | $1,509,871 | $1,348,159 |
Reinvestment of distributions | 11,431 | 18,304 | 114,953 | 182,095 |
Shares redeemed | (10,823) | (54,911) | (109,573) | (540,026) |
Net increase (decrease) | 149,910 | 98,308 | $1,515,251 | $990,228 |
Class I | ||||
Shares sold | 2,010 | 299 | $20,000 | $3,000 |
Reinvestment of distributions | 1,609 | 3,015 | 16,182 | 29,994 |
Shares redeemed | (2,010) | (300) | (20,241) | (3,012) |
Net increase (decrease) | 1,609 | 3,014 | $15,941 | $29,982 |
Class Z | ||||
Shares sold | 2,020 | 5,498 | $20,343 | $55,473 |
Reinvestment of distributions | 1,656 | 3,078 | 16,659 | 30,627 |
Shares redeemed | (10) | (247) | (102) | (2,483) |
Net increase (decrease) | 3,666 | 8,329 | $36,900 | $83,617 |
Fund | Affiliated % |
Fidelity Sustainable Intermediate Municipal Income Fund | 68% |
Contents
Municipal Bonds - 92.5% | |||
Principal Amount (a) | Value ($) | ||
Alabama - 5.4% | |||
Black Belt Energy Gas District Bonds: | |||
Series 2022 C1, 5.25%, tender 6/1/29 (b) | 630,000 | 669,236 | |
Series 2022 E, 5%, tender 6/1/28 (b) | 65,000 | 67,929 | |
Series 2024 A, 5.25%, tender 9/1/32 (b) | 100,000 | 109,429 | |
Series 2024 C, 5%, tender 7/1/31 (b) | 600,000 | 640,031 | |
Homewood Ala Edl. Bldg. Auth. Lea (CHF - Horizons II, L.L.C. Student Hsg. & Proj. at Samford Univ.) Series 2024 A, 5.5% 10/1/49 | 200,000 | 211,979 | |
Jefferson County Swr. Rev. Series 2024, 5% 10/1/38 | 500,000 | 551,158 | |
Southeast Energy Auth. Coop. Dis Bonds (Proj. No. 6) Series 2023 B, 5%, tender 6/1/30 (b) | 380,000 | 402,460 | |
Univ. of South Alabama Univ. Rev. Series 2024 A, 5.25% 4/1/54 (Build America Mutual Assurance Insured) | 500,000 | 542,030 | |
TOTAL ALABAMA | 3,194,252 | ||
Arizona - 1.8% | |||
Arizona Indl. Dev. Auth. Lease Rev. Series 2020 A, 4% 9/1/36 | 105,000 | 105,218 | |
Arizona Indl. Dev. Auth. Rev. Series 2019 2, 3.625% 5/20/33 | 91,312 | 86,649 | |
Chandler Indl. Dev. Auth. Indl. Dev. Rev. Bonds (Intel Corp. Proj.): | |||
Series 2005, 3.8%, tender 6/15/28 (b) | 125,000 | 126,595 | |
Series 2007, 4.1%, tender 6/15/28 (b)(c) | 55,000 | 55,716 | |
Coconino County Poll. Cont. Corp. Rev. Bonds (Navada Pwr. Co. Proj.) Series 2017 B, 3.75%, tender 3/31/26 (b) | 100,000 | 99,633 | |
Phoenix Ariz Indl. Dev. Auth. Rev.: | |||
(Guam Facilities Foundation, Inc. Projs.) Series 2014, 5.375% 2/1/41 | 100,000 | 92,500 | |
(Guam Facilities Foundation, Inc. Proj.) Series 2014, 5.125% 2/1/34 | 100,000 | 94,838 | |
Phoenix IDA Student Hsg. Rev. (Downtown Phoenix Student Hsg. II LLC - Arizona State Univ. Proj.) Series 2019 A, 5% 7/1/31 | 75,000 | 78,448 | |
Salt Verde Finl. Corp. Sr. Gas Rev. Series 2007, 5% 12/1/37 | 260,000 | 286,895 | |
Univ. of Arizona Univ. Revs. Series 2016, 3% 6/1/34 | 50,000 | 45,996 | |
TOTAL ARIZONA | 1,072,488 | ||
California - 4.1% | |||
Alameda Corridor Trans. Auth. Rev. Series 2024 A, 0% 10/1/52 (Assured Guaranty Muni. Corp. Insured) | 100,000 | 26,691 | |
California Gen. Oblig.: | |||
Series 2020, 4% 11/1/37 | 50,000 | 51,774 | |
Series 2022, 4.75% 12/1/42 | 250,000 | 261,925 | |
California Hsg. Fin. Agcy.: | |||
Series 2021 1, 3.5% 11/20/35 | 569,702 | 546,462 | |
Series 2023 A1, 4.375% 9/20/36 | 99,190 | 103,855 | |
California Infrastructure and Econ. Dev. Bank Rev. Bonds (Los Angeles County Museum of Art Proj.) Series 2021 A, 1.2%, tender 6/1/28 (b) | 15,000 | 13,360 | |
California Muni. Fin. Auth. Rev. Series 2017 A: | |||
3.5% 6/1/34 | 50,000 | 48,556 | |
3.75% 6/1/37 | 40,000 | 39,176 | |
California Muni. Fin. Auth. Solid Waste Disp. Rev. Bonds Series 2023 A, 4.375%, tender 9/1/33 (b)(c) | 500,000 | 523,556 | |
Elk Grove Unified School Distr. Ctfs. of Prtn. (Cap. Facilities Proj.) Series 2016, 3% 2/1/34 | 50,000 | 46,771 | |
Fresno Arpt. Rev. Series 2023 A, 5% 7/1/53 (Build America Mutual Assurance Insured) (c) | 500,000 | 523,873 | |
Golden State Tobacco Securitization Corp. Tobacco Settlement Rev. Series 2021 B2, 0% 6/1/66 | 500,000 | 57,441 | |
Los Angeles Dept. Arpt. Rev.: | |||
Series 2019 A, 5% 5/15/35 (c) | 10,000 | 10,566 | |
Series 2019 C, 5% 5/15/25 (Escrowed to Maturity) | 25,000 | 25,400 | |
Los Angeles Unified School District: | |||
Series 2016 B, 2% 7/1/29 | 10,000 | 9,167 | |
Series 2020 C, 3% 7/1/35 | 5,000 | 4,656 | |
Poway Unified School District Series B, 0% 8/1/38 | 60,000 | 35,894 | |
San Diego Unified School District Series 2012 R1, 0% 7/1/31 | 10,000 | 8,005 | |
San Francisco City & County Arpts. Commission Int'l. Arpt. Rev. Series 2024 A, 5.25% 5/1/49 (c) | 100,000 | 108,307 | |
San Mateo County Cmnty. College District Series 2019, 5% 9/1/38 | 5,000 | 5,500 | |
TOTAL CALIFORNIA | 2,450,935 | ||
Colorado - 1.3% | |||
Colorado Health Facilities Auth. Rev. Bonds: | |||
(Parkview Med. Ctr., Inc. Proj.) Series 2016, 4% 9/1/36 (Pre-Refunded to 9/1/26 @ 100) | 15,000 | 15,320 | |
(Parkview Med. Ctr., INC. Proj.) Series 2017, 5% 9/1/26 | 325,000 | 338,112 | |
Bonds Series 2023 A1, 5%, tender 11/15/28 (b) | 90,000 | 96,173 | |
Series 2019 A, 4% 11/1/39 | 45,000 | 44,102 | |
Series 2019 A1, 4% 8/1/39 | 185,000 | 181,935 | |
Denver City & County Arpt. Rev. Series 2018 A, 5% 12/1/27 (c) | 90,000 | 94,155 | |
TOTAL COLORADO | 769,797 | ||
Connecticut - 5.3% | |||
Connecticut Gen. Oblig.: | |||
Series 2016 A, 5% 3/15/26 | 50,000 | 51,658 | |
Series 2018 A, 5% 4/15/37 | 1,000,000 | 1,058,356 | |
Series 2021 A, 3% 1/15/36 | 20,000 | 18,394 | |
Connecticut Health & Edl. Facilities Auth. Rev.: | |||
Bonds Series 2010 A3, 2.95%, tender 7/1/27 (b) | 100,000 | 99,135 | |
Series 2019 A: | |||
4% 7/1/34 | 375,000 | 375,093 | |
5% 7/1/25 | 190,000 | 191,083 | |
5% 7/1/26 | 500,000 | 505,351 | |
Series 2020 A: | |||
4% 7/1/36 | 5,000 | 5,093 | |
5% 7/1/32 | 5,000 | 5,352 | |
Series R, 5% 6/1/40 | 30,000 | 31,981 | |
Connecticut Hsg. Fin. Auth. Series 2023 A, 5.25% 11/15/53 | 255,000 | 269,021 | |
Stamford Gen. Oblig. Series 2016, 4% 8/1/26 | 5,000 | 5,048 | |
Steelpointe Hbr. Infrastructure Impt. District (Steelpointe Hbr. Proj.): | |||
Series 2021, 4% 4/1/51 (d) | 100,000 | 84,838 | |
Series 2024, 5.625% 4/1/44 (d) | 100,000 | 105,195 | |
West Haven Gen. Oblig. Series 2024: | |||
5% 2/15/38 (Build America Mutual Assurance Insured) | 100,000 | 108,690 | |
5% 2/15/39 (Build America Mutual Assurance Insured) | 100,000 | 107,857 | |
5% 2/15/40 (Build America Mutual Assurance Insured) | 100,000 | 107,181 | |
TOTAL CONNECTICUT | 3,129,326 | ||
District Of Columbia - 0.8% | |||
District of Columbia Gen. Oblig. Series 2016 A, 3% 6/1/41 | 145,000 | 125,783 | |
District of Columbia Income Tax Rev. Series 2019 A, 5% 3/1/35 | 15,000 | 16,420 | |
Metropolitan Washington DC Arpts. Auth. Sys. Rev. Series 2021 A: | |||
4% 10/1/40 (c) | 100,000 | 98,656 | |
5% 10/1/26 (c) | 200,000 | 206,635 | |
TOTAL DISTRICT OF COLUMBIA | 447,494 | ||
Florida - 6.1% | |||
Central Florida Expressway Auth. Sr. Lien Rev. Series 2017, 3% 7/1/34 | 395,000 | 365,408 | |
Florida Dev. Fin. Corp. Rev. (Brightline Florida Passenger Rail Proj.) Series 2024: | |||
5.25% 7/1/53 (Assured Guaranty Muni. Corp. Insured) (c) | 500,000 | 521,809 | |
5.5% 7/1/53 (c) | 500,000 | 519,264 | |
Florida Dev. Fin. Corp. Student H (SFP - Tampa I - The Henry Proj.) Series 2024 A1, 5.25% 6/1/59 (d) | 100,000 | 101,683 | |
Florida Higher Edl. Facilities Fing. Auth. (Rollins College Proj.): | |||
Series 2016 A, 3% 12/1/46 | 25,000 | 19,462 | |
Series 2020 A, 3% 12/1/48 | 100,000 | 76,799 | |
Florida Hsg. Fin. Corp. Multi-family Mtg. Rev. Bonds Series 2023 C, 5%, tender 12/1/25 (b) | 15,000 | 15,314 | |
Florida Muni. Pwr. Agcy. Rev. Series 2021 A, 3% 10/1/32 | 100,000 | 92,631 | |
Hillsborough County Indl. Dev. (Tampa Gen. Hosp. Proj.) Series 2020 A, 3.5% 8/1/55 | 235,000 | 188,513 | |
JEA Wtr. & Swr. Sys. Rev. Series 2024 A: | |||
5% 10/1/28 | 50,000 | 54,141 | |
5% 10/1/30 | 50,000 | 55,820 | |
Miami-Dade County Aviation Rev. Series 2020 A, 4% 10/1/41 | 200,000 | 200,590 | |
Palm Beach County Health Facilities Auth. Rev.: | |||
Series 2019 B, 5% 5/15/53 | 75,000 | 71,584 | |
Series 2023 C, 7.625% 5/15/58 | 50,000 | 56,644 | |
South Miami Health Facilities Auth. Hosp. Rev. Series 2017, 4% 8/15/47 | 1,000,000 | 938,617 | |
Tallahassee Health Facilities Rev. Series 2015 A, 4% 12/1/35 | 365,000 | 344,500 | |
TOTAL FLORIDA | 3,622,779 | ||
Georgia - 3.2% | |||
Atlanta Arpt. Rev. Series 2023 G, 5% 7/1/25 (c) | 800,000 | 812,052 | |
Burke County Indl. Dev. Auth. Poll. Cont. Rev. Bonds (Georgia Pwr. Co. Plant Vogtle Proj.) Series 1994 4, 3.8%, tender 5/21/26 (b) | 340,000 | 343,000 | |
Main Street Natural Gas, Inc. Bonds: | |||
Series 2022 E, 4%, tender 12/1/29 (b) | 200,000 | 201,656 | |
Series 2023 A, 5%, tender 6/1/30 (b) | 200,000 | 211,499 | |
Series 2023 B, 5%, tender 3/1/30 (b) | 250,000 | 266,404 | |
Series 2023 C, 5%, tender 9/1/30 (b) | 55,000 | 58,798 | |
Private Colleges & Univs. Auth. Rev. (The Savannah College of Art & Design Projs.) Series 2021, 4% 4/1/38 | 5,000 | 5,055 | |
TOTAL GEORGIA | 1,898,464 | ||
Hawaii - 1.5% | |||
Honolulu City & County Gen. Oblig. Series 2020 F, 5% 7/1/34 | 5,000 | 5,537 | |
Honolulu City & County Multi-family housing Rev. Bonds Series 2023, 5%, tender 6/1/26 (b) | 340,000 | 349,561 | |
Honolulu City and County Wastewtr. Sys. Series 2016 B, 5% 7/1/27 | 500,000 | 518,249 | |
TOTAL HAWAII | 873,347 | ||
Illinois - 10.4% | |||
Chicago Board of Ed.: | |||
Series 2017 D, 5% 12/1/31 | 100,000 | 102,277 | |
Series 2022 B, 4% 12/1/41 | 100,000 | 92,351 | |
Chicago Midway Arpt. Rev.: | |||
Series 2016 A, 5% 1/1/29 (c) | 20,000 | 20,274 | |
Series 2024 A, 5% 1/1/30 (c) | 1,000,000 | 1,057,860 | |
Chicago O'Hare Int'l. Arpt. Rev.: | |||
Series 2015 A, 5% 1/1/28 (c) | 5,000 | 5,024 | |
Series 2016 G, 5% 1/1/42 (c) | 5,000 | 5,079 | |
Illinois Fin. Auth. (Bradley Univ. Proj.) Series 2021 A, 4% 8/1/37 | 100,000 | 97,570 | |
Illinois Fin. Auth. Academic Facilities (Provident Group UIUC Properties LLC Univ. of Illinois at Urbana-Champaign Proj.) Series 2019 A, 5% 10/1/38 | 350,000 | 366,680 | |
Illinois Fin. Auth. Rev.: | |||
Series 2015 A, 5% 11/15/25 | 60,000 | 60,932 | |
Series 2016 A, 3% 10/1/37 | 145,000 | 125,264 | |
Series 2016: | |||
3.125% 5/15/37 | 35,000 | 31,729 | |
3.25% 11/15/45 | 540,000 | 440,796 | |
4% 5/15/35 | 10,000 | 9,691 | |
Series 2017 C, 5% 3/1/26 | 15,000 | 15,272 | |
Series 2019, 5% 4/1/35 | 15,000 | 15,738 | |
Illinois Gen. Oblig.: | |||
Series 2017 D, 5% 11/1/28 | 25,000 | 26,253 | |
Series 2021 A, 5% 3/1/30 | 120,000 | 130,569 | |
Series 2022 A, 5% 3/1/36 | 40,000 | 44,035 | |
Series 2023 B, 5% 5/1/37 | 500,000 | 549,680 | |
Series 2023 D, 4% 7/1/37 | 300,000 | 299,959 | |
Series 2024 B: | |||
5% 5/1/35 | 50,000 | 56,476 | |
5% 5/1/37 | 50,000 | 56,047 | |
5.25% 5/1/42 | 35,000 | 39,031 | |
5.25% 5/1/49 | 25,000 | 27,123 | |
Series June 2016, 3.5% 6/1/29 | 500,000 | 492,268 | |
Illinois Hsg. Dev. Auth. Multi-family Hsg. Rev. Bonds Series 2023, 4%, tender 6/1/25 (b) | 350,000 | 351,335 | |
Illinois Hsg. Dev. Auth. Rev. Series 2019 D, 2.7% 10/1/34 | 115,000 | 103,132 | |
Illinois Sales Tax Rev. Series 2016 A: | |||
3% 6/15/33 | 115,000 | 107,323 | |
3% 6/15/34 | 220,000 | 202,940 | |
Illinois Toll Hwy. Auth. Toll Hwy. Rev. Series A, 5% 1/1/45 | 20,000 | 21,354 | |
Metropolitan Pier & Exposition: | |||
(McCormick Place Expansion Proj.): | |||
Series 2010 B1, 0% 6/15/46 (Assured Guaranty Muni. Corp. Insured) | 100,000 | 37,369 | |
Series A, 0% 12/15/38 (Nat'l. Pub. Fin. Guarantee Corp. Insured) | 15,000 | 8,279 | |
Series 2002 A, 0% 12/15/33 (Nat'l. Pub. Fin. Guarantee Corp. Insured) | 20,000 | 14,002 | |
Series 2022 A, 0% 6/15/41 | 300,000 | 140,371 | |
Series 2023 A, 5% 12/15/28 | 300,000 | 313,568 | |
Railsplitter Tobacco Settlement Auth. Rev. Series 2017: | |||
5% 6/1/26 (Escrowed to Maturity) | 5,000 | 5,168 | |
5% 6/1/27 (Pre-Refunded to 6/1/26 @ 100) | 300,000 | 310,074 | |
Sales Tax Securitization Corp. Series 2023 A, 3% 1/1/27 | 264,000 | 258,668 | |
Schaumburg Village Gen. Oblig. Series 2023, 4% 12/1/30 | 100,000 | 105,000 | |
TOTAL ILLINOIS | 6,146,561 | ||
Indiana - 1.5% | |||
Indiana Fin. Auth. Edl. Facilities Rev. (Butler Univ. Proj.) Series 2021, 4% 2/1/30 | 10,000 | 10,206 | |
Indiana Fin. Auth. Health Sys. Rev. Series 2016 A, 4% 11/1/51 | 555,000 | 524,265 | |
Northern Indiana Commuter Trans. District Series 2024, 5% 1/1/54 | 360,000 | 384,770 | |
TOTAL INDIANA | 919,241 | ||
Iowa - 0.5% | |||
Des Moines Iowa Series 2020 A, 2% 6/1/31 | 10,000 | 8,694 | |
Iowa Fin. Auth. Single Family Mtg. (Mtg.-Backed Securities Prog.) Series 2023 A, 5.25% 7/1/53 | 250,000 | 261,560 | |
TOTAL IOWA | 270,254 | ||
Kentucky - 4.0% | |||
Ashland Med. Ctr. Rev.: | |||
(Ashland Hosp. Corp. D/B/A Kings Daughters Med. Ctr. Proj.) Series 2016 A, 4% 2/1/36 | 350,000 | 338,847 | |
Series 2019, 4% 2/1/33 | 200,000 | 197,528 | |
Kentucky Econ. Dev. Fin. Auth. Hosp. Rev. Series 2017 A, 5.25% 6/1/41 | 200,000 | 203,539 | |
Kentucky, Inc. Pub. Energy: | |||
Bonds: | |||
Series 2024 A, 5%, tender 7/1/30 (b) | 80,000 | 84,767 | |
Series A, 4%, tender 6/1/26 (b) | 95,000 | 95,453 | |
Series 2024 A1: | |||
5% 8/1/28 | 490,000 | 508,932 | |
5% 2/1/29 | 400,000 | 417,192 | |
Louisville & Jefferson County: | |||
Bonds Series 2020 C, 5%, tender 10/1/26 (b) | 350,000 | 359,421 | |
Series 2020 A, 3% 10/1/43 | 90,000 | 71,230 | |
Louisville & Jefferson County Visitors & Convention Commission Rev. (Kentucky Int'l. Convention Ctr. Expansion Proj.) Series 2016, 3.125% 6/1/46 (Assured Guaranty Muni. Corp. Insured) | 20,000 | 16,383 | |
Trimble County Envirl Facilities Re Bonds Series 2023, 4.7%, tender 6/1/27 (b)(c) | 100,000 | 100,756 | |
TOTAL KENTUCKY | 2,394,048 | ||
Louisiana - 0.5% | |||
New Orleans Aviation Board Rev. Series 2017 D2, 5% 1/1/38 (c) | 60,000 | 61,033 | |
St. John Baptist Parish Rev. Bonds (Marathon Oil Corp.) Series 2017, 4.05%, tender 7/1/26 (b) | 260,000 | 260,421 | |
TOTAL LOUISIANA | 321,454 | ||
Maryland - 2.1% | |||
Maryland Health & Higher Edl.: | |||
Bonds Series 2020, 5%, tender 7/1/25 (b) | 300,000 | 302,046 | |
Series 2021 A: | |||
5% 6/1/31 | 315,000 | 332,781 | |
5% 6/1/33 | 360,000 | 378,525 | |
Series 2024, 5.25% 6/1/44 | 150,000 | 158,526 | |
Maryland Health & Higher Edl. Facilities Auth. Rev. Series 2016 A, 4% 7/1/42 | 100,000 | 92,682 | |
TOTAL MARYLAND | 1,264,560 | ||
Massachusetts - 1.8% | |||
Amesbury Gen. Oblig. Series 2020, 2% 6/1/34 | 25,000 | 20,975 | |
Massachusetts Dev. Fin. Agcy. Rev.: | |||
Series 2016, 5% 7/1/28 | 30,000 | 30,744 | |
Series 2019 K, 5% 7/1/35 | 15,000 | 16,120 | |
Series 2021 G, 4% 7/1/46 | 510,000 | 474,915 | |
Massachusetts Edl. Fing. Auth. Rev. Series 2020 C, 5% 7/1/26 (c) | 100,000 | 102,445 | |
Massachusetts Hsg. Fin. Agcy. Multi-Family Rev. Series 2018 A, 3.7% 12/1/38 | 370,000 | 353,180 | |
Massachusetts Port Auth. Rev. Series 2019 A, 5% 7/1/34 (c) | 30,000 | 31,813 | |
Worcester Gen. Oblig. Series 2021, 2% 2/15/35 (Assured Guaranty Muni. Corp. Insured) | 60,000 | 49,746 | |
TOTAL MASSACHUSETTS | 1,079,938 | ||
Michigan - 0.2% | |||
Detroit Gen. Oblig. Series 2021 A, 5% 4/1/38 | 100,000 | 106,836 | |
Michigan State Hsg. Dev. Auth. Series 2021 A, 2.45% 10/1/46 | 30,000 | 21,179 | |
Rochester Cmnty. School District Series 2019 II, 3% 5/1/31 | 5,000 | 4,737 | |
TOTAL MICHIGAN | 132,752 | ||
Minnesota - 1.5% | |||
Minneapolis Health Care Sys. Rev. Bonds Series 2023 A, 5%, tender 11/15/28 (b) | 315,000 | 334,532 | |
Minnesota Agric. & Econ. Dev. Board Rev. Series 2024, 5.25% 1/1/54 | 100,000 | 108,251 | |
Minnesota Higher Ed. Facilities Auth. Rev.: | |||
Series 2018 A, 5% 10/1/33 | 150,000 | 155,002 | |
Series 2023, 4.25% 10/1/38 | 300,000 | 293,281 | |
Saint Cloud Health Care Rev. Series 2016 A, 3% 5/1/32 | 15,000 | 13,857 | |
TOTAL MINNESOTA | 904,923 | ||
Mississippi - 0.0% | |||
Mississippi Bus. finance Corp. Exempt Facilities Rev. Bonds (Enviva, Inc. Proj.) Series 2022, 7.75%, tender 7/15/32 (b)(c)(e) | 34,811 | 16,709 | |
Missouri - 0.2% | |||
Missouri Hsg. Dev. Commission Single Family Mtg. Rev. (First Place Homeownership Ln. Prog.) Series 2023 E, 6.5% 5/1/54 | 100,000 | 112,436 | |
Nebraska - 0.2% | |||
Central Plains Energy Proj. Rev. Bonds (Proj. No. 4) Series 2023 A1, 5%, tender 11/1/29 (b) | 135,000 | 142,606 | |
Nevada - 3.0% | |||
Clark County Arpt. Rev. Series 2021 B, 5% 7/1/25 (c) | 1,740,000 | 1,766,214 | |
New Hampshire - 0.3% | |||
Nat'l. Finnance Auth. Series 2023 2A, 3.875% 1/20/38 | 98,888 | 94,990 | |
New Hampshire Health & Ed. Facilities Auth. Series 2023 B: | |||
5% 11/1/43 (c) | 30,000 | 31,419 | |
5.5% 11/1/27 (c) | 20,000 | 21,026 | |
New Hampshire St Hsg. Fin. Series 2023 4: | |||
3.625% 4/1/26 | 10,000 | 10,079 | |
3.7% 1/1/27 | 35,000 | 35,275 | |
TOTAL NEW HAMPSHIRE | 192,789 | ||
New Jersey - 8.6% | |||
Essex County Gen. Oblig. Series 2021 B, 2% 8/15/33 | 450,000 | 377,942 | |
New Jersey Econ. Dev. Auth. Series 2024 SSS, 5.25% 6/15/38 | 1,000,000 | 1,149,683 | |
New Jersey Econ. Dev. Auth. Motor Vehicle Rev. Series 2017 A, 4% 7/1/34 | 10,000 | 9,826 | |
New Jersey Econ. Dev. Auth. Wtr. Facilities Rev. Bonds (New Jersey- American Wtr. Co., INC. Proj.) Series 2020 B, 3.75%, tender 6/1/28 (b)(c) | 340,000 | 342,161 | |
New Jersey Gen. Oblig. Series 2020, 2.375% 6/1/36 | 55,000 | 45,180 | |
New Jersey Higher Ed. Student Assistance Auth. Student Ln. Rev.: | |||
Series 2021 B, 5% 12/1/25 (c) | 655,000 | 668,055 | |
Series 2023 A, 5% 12/1/30 (c) | 300,000 | 320,053 | |
Series 2024 B, 5% 12/1/31 (c) | 85,000 | 91,296 | |
New Jersey Hsg. & Mtg. Fin. Agcy. Multi-family Rev. Series 2023 C, 5% 11/1/26 (c) | 500,000 | 506,637 | |
New Jersey Tobacco Settlement Fing. Corp. Series 2018 B, 5% 6/1/46 | 525,000 | 527,872 | |
New Jersey Tpk. Auth. Tpk. Rev. Series 2024, 5% 1/1/28 | 65,000 | 69,439 | |
New Jersey Trans. Trust Fund Auth.: | |||
Series 2006 C: | |||
0% 12/15/24 | 150,000 | 148,218 | |
0% 12/15/31 (FGIC Insured) | 15,000 | 11,488 | |
0% 12/15/34 | 80,000 | 55,347 | |
Series 2022 AA, 5% 6/15/25 | 250,000 | 254,013 | |
Series AA, 5% 6/15/38 | 35,000 | 38,083 | |
Salem County Indl. Poll. Cont. Fing. Auth. Poll. Cont. Rev. Bonds (Philadelphia Elec. Co. Proj.) Series 1993 A, 4.45%, tender 3/1/25 (b)(c) | 500,000 | 501,207 | |
TOTAL NEW JERSEY | 5,116,500 | ||
New Mexico - 0.2% | |||
New Mexico Mtg. Fin. Auth. Series 2021 D, 3% 7/1/52 | 95,000 | 92,233 | |
New York - 4.6% | |||
Genesee County Fdg. Corp. (Rochester Reg'l. Health Proj.) Series 2022 A, 5% 12/1/30 | 250,000 | 262,535 | |
Long Island Pwr. Auth. Elec. Sys. Rev. Series 2020 A, 5% 9/1/34 | 5,000 | 5,574 | |
New York City Gen. Oblig.: | |||
Bonds Series 2015 F4, 5%, tender 12/1/25 (f) | 100,000 | 101,283 | |
Series 2018 C, 3% 8/1/33 | 160,000 | 152,620 | |
New York City Hsg. Dev. Corp. Bonds Series 2024 A2, 3.625%, tender 7/1/28 (b) | 110,000 | 110,590 | |
New York City Hsg. Dev. Corp. Multifamily Hsg. Series 2019 J, 3.05% 11/1/49 | 15,000 | 11,780 | |
New York City Transitional Fin. Auth. Rev. Series 2016 A1, 3.125% 8/1/31 | 595,000 | 580,329 | |
New York Metropolitan Trans. Auth. Rev. Series 2020 D, 4% 11/15/47 | 15,000 | 14,533 | |
New York State Hsg. Fin. Agcy. Rev. Bonds: | |||
Series 2023 C2, 3.8%, tender 5/1/29 (b) | 370,000 | 371,276 | |
Series 2023 E2, 3.8%, tender 5/1/27 (b) | 35,000 | 35,141 | |
New York State Urban Dev. Corp. Series 2020 C, 4% 3/15/37 | 5,000 | 5,115 | |
New York State Urban Eev Corp. Series 2019 A, 3% 3/15/49 | 1,000,000 | 788,238 | |
New York Trans. Dev. Corp.: | |||
(Delta Air Lines, Inc. - LaGuardia Arpt. Termindals C&D Redev. Proj.) Series 2020, 4% 10/1/30 (c) | 20,000 | 19,871 | |
(Term. 4 JFK Int'l. Arpt. Proj.) Series 2020 A, 5% 12/1/28 (c) | 20,000 | 21,029 | |
(Term. 4 John F. Kennedy Int'l. Arpt. Proj.) Series 2022, 5% 12/1/34 (c) | 35,000 | 37,860 | |
Suffolk Tobacco Asset Securitization Corp. Series 2021 B1, 4% 6/1/50 | 205,000 | 203,326 | |
TOTAL NEW YORK | 2,721,100 | ||
North Carolina - 1.7% | |||
Charlotte-Mecklenburg Hosp. Auth. Health Care Sys. Rev. Bonds Series 2018 C, 3.45%, tender 10/31/25 (b) | 45,000 | 45,071 | |
North Carolina State Ed. Assistance Auth. Student Ln. Rev. Series 2023 A: | |||
5% 6/1/43 (c) | 95,000 | 95,688 | |
5.5% 6/1/28 (c) | 550,000 | 581,458 | |
North Carolina Tpk. Auth. Triangle Expressway Sys. Series 2024 B, 5% 1/1/53 (Assured Guaranty Muni. Corp. Insured) | 250,000 | 267,299 | |
TOTAL NORTH CAROLINA | 989,516 | ||
North Dakota - 1.1% | |||
Grand Forks Health Care Sys. Rev. Series 2021: | |||
4% 12/1/46 | 60,000 | 52,077 | |
5% 12/1/28 | 500,000 | 510,067 | |
North Dakota Hsg. Fin. Agcy. Series 2023 F, 6.25% 1/1/54 | 100,000 | 109,252 | |
TOTAL NORTH DAKOTA | 671,396 | ||
Ohio - 2.3% | |||
Akron Bath Copley Hosp. District Rev. Series 2020, 5% 11/15/31 | 100,000 | 105,956 | |
American Muni. Pwr., Inc. Rev.: | |||
Series 2016 A, 3% 2/15/36 | 10,000 | 8,699 | |
Series 2023 A, 5% 2/15/28 | 500,000 | 533,954 | |
Buckeye Tobacco Settlement Fing. Auth. Series 2020 A2, 3% 6/1/48 | 200,000 | 153,475 | |
Cuyahoga County Econ. Dev. Rev. (The Cleveland Orchestra Proj.) Series 2019, 5% 1/1/34 | 5,000 | 5,355 | |
Montgomery County Hosp. Rev. (Kettering Health Network Obligated Group Proj.) Series 2021, 5% 8/1/32 | 25,000 | 27,360 | |
Muskingum County Hosp. Facilities (Genesis Healthcare Sys. Obligated Group Proj.) Series 2013, 5% 2/15/48 | 200,000 | 192,308 | |
Northeast Ohio Reg'l. Swr. District Wastewtr. Rev. Series 2019, 3% 11/15/38 | 200,000 | 178,336 | |
Ohio Higher Edl. Facility Commission Rev.: | |||
(Kenyon College 2020 Proj.) Series 2020, 5% 7/1/35 | 30,000 | 32,958 | |
(Xavier Univ. 2015 Proj.) Series 2015 C, 3.75% 5/1/38 | 5,000 | 4,776 | |
Ohio Hosp. Rev. Series 2021 A, 3% 1/15/46 | 120,000 | 93,633 | |
TOTAL OHIO | 1,336,810 | ||
Oklahoma - 0.2% | |||
Oklahoma Hsg. Fin. Agcy. Single Family Mtg. Rev. (Homeownership Load Prog.) Series 2023 D, 6.5% 9/1/54 | 100,000 | 112,402 | |
Oregon - 0.0% | |||
Medford Hosp. Facilities Auth. Rev. (Asante Projs.) Series 2020 A, 5% 8/15/36 | 10,000 | 10,750 | |
Oregon State Hsg. & Cmnty. Svcs. Dept. (Single-Family Mtg. Prog.) Series 2019 A, 2.65% 7/1/39 | 10,000 | 8,429 | |
TOTAL OREGON | 19,179 | ||
Pennsylvania - 2.4% | |||
Centre County Pennsylvania Hosp. Auth. Rev. (Mount Nittany Med. Ctr. Proj.) Series 2018 A, 3.375% 11/15/31 | 10,000 | 9,882 | |
Dubois Hosp. Auth. Hosp. Rev. (Penn Highlands Healthcare Proj.) Series 2018: | |||
5% 7/15/28 | 580,000 | 601,226 | |
5% 7/15/29 | 220,000 | 226,581 | |
Geisinger Auth. Health Sys. Rev.: | |||
Bonds Series 2020 B, 5%, tender 2/15/27 (b) | 50,000 | 51,732 | |
Series 2017 A2, 5% 2/15/31 | 10,000 | 10,422 | |
Northampton County Gen. Purp. Auth. Hosp. Rev. (St Luke's Univ. Health Network Proj.) Series 2016 A, 3% 8/15/32 | 100,000 | 94,145 | |
Pennsylvania Gen. Oblig.: | |||
Series 2020 1, 3% 5/1/36 | 310,000 | 279,553 | |
Series 2021, 3% 5/15/34 | 40,000 | 37,280 | |
Pennsylvania Tpk. Commission Tpk. Rev.: | |||
Series 2016 A1, 5% 12/1/27 | 5,000 | 5,109 | |
Series 2021 B, 5% 12/1/33 | 25,000 | 28,550 | |
Philadelphia Gas Works Rev. Series 15, 5% 8/1/24 | 50,000 | 50,000 | |
Southcentral Pennsylvania Gen. Auth. Rev. Series 2019 A, 5% 6/1/39 | 10,000 | 10,491 | |
TOTAL PENNSYLVANIA | 1,404,971 | ||
Puerto Rico - 2.6% | |||
Puerto Rico Commonwealth Aqueduct & Swr. Auth. Series 2021 A, 5% 7/1/37 (d) | 250,000 | 261,283 | |
Puerto Rico Commonwealth Pub. Impt. Gen. Oblig. Series 2021 A1: | |||
0% 7/1/33 | 500,000 | 336,636 | |
4% 7/1/37 | 250,000 | 242,860 | |
Puerto Rico Sales Tax Fing. Corp. Sales Tax Rev. Series 2019 A2, 4.329% 7/1/40 | 700,000 | 693,857 | |
TOTAL PUERTO RICO | 1,534,636 | ||
Rhode Island - 2.2% | |||
Rhode Island Health & Edl. Bldg. Corp. Higher Ed. Facilities Rev. Series 2016 B, 5% 9/1/36 | 100,000 | 100,318 | |
Rhode Island Health and Edl. Bldg. Corp. Higher Ed. Facility Rev. Series 2023, 5% 11/1/47 | 500,000 | 540,095 | |
Rhode Island Student Ln. Auth. Student Ln. Rev.: | |||
Series 2019 A, 5% 12/1/25 (c) | 600,000 | 610,623 | |
Series 2024 A, 5% 12/1/28 (c) | 55,000 | 57,947 | |
TOTAL RHODE ISLAND | 1,308,983 | ||
South Carolina - 0.6% | |||
South Carolina Pub. Svc. Auth. Rev.: | |||
Series 2024 A: | |||
5% 12/1/39 | 95,000 | 106,215 | |
5.25% 12/1/49 | 30,000 | 32,774 | |
5.5% 12/1/54 | 40,000 | 44,334 | |
Series 2024 B: | |||
4.125% 12/1/44 | 10,000 | 9,862 | |
5% 12/1/46 | 15,000 | 16,112 | |
5.25% 12/1/54 | 110,000 | 118,674 | |
TOTAL SOUTH CAROLINA | 327,971 | ||
South Dakota - 0.2% | |||
South Dakota Hsg. Dev. Auth. Series 2023 G, 6.25% 5/1/55 | 100,000 | 109,257 | |
Tennessee - 1.0% | |||
Memphis-Shelby County Arpt. Auth. Arpt. Rev. Series 2018, 5% 7/1/38 (c) | 5,000 | 5,156 | |
Metropolitan Govt. Nashville & Davidson County Elec. Rev.: | |||
Series 2024 A, 5.25% 5/15/49 | 100,000 | 112,443 | |
Series 2024 B, 5% 5/15/27 | 100,000 | 105,852 | |
Nashville and Davidson County Metropolitan Govt. Gen. Oblig. Series 2021 C, 3% 1/1/35 | 350,000 | 329,434 | |
Shelby County Health Edl. & Hsg. Facilities Board Rev. Series 2017 A, 3.375% 5/1/32 | 5,000 | 4,842 | |
Tennessee Hsg. Dev. Agcy. Residential Series 2019 4, 2.9% 7/1/39 | 15,000 | 12,815 | |
TOTAL TENNESSEE | 570,542 | ||
Texas - 2.8% | |||
Grand Parkway Trans. Corp. Bonds Series 2023, 5%, tender 4/1/28 (b) | 145,000 | 153,350 | |
Harris County Cultural Ed. Facilities Fin. Corp. Med. Facilities Rev. Series 2024, 5% 5/15/29 | 100,000 | 107,952 | |
Houston Hsg. Fin. Corp. Multi-family Hsg. Rev. Bonds Series 2023, 5%, tender 8/1/26 (b) | 25,000 | 25,593 | |
Lower Colorado River Auth. Rev. (LCRA Transmission Svcs. Corp. Proj.) Series 2019, 5% 5/15/34 | 5,000 | 5,366 | |
Northside Independent School District Bonds Series 2023 B, 3%, tender 8/1/26 (b) | 1,000,000 | 990,780 | |
Southwest Higher Ed. Auth. Rev. (Southern Methodist Univ., TX. Proj.) Series 2017, 5% 10/1/39 | 5,000 | 5,185 | |
Tarrant County Cultural Ed. Facilities Fin. Corp. Hosp. Rev. Series 2022, 5% 10/1/40 | 50,000 | 54,706 | |
Texas Wtr. Dev. Board Rev.: | |||
Series 2019, 5% 8/1/35 | 5,000 | 5,438 | |
Series 2020, 3% 10/15/38 | 250,000 | 223,245 | |
Univ. of Houston Univ. Revs. Series 2017 C, 3.125% 2/15/36 | 50,000 | 45,506 | |
Waco Gen. Oblig. Series 2020, 2.375% 2/1/40 | 40,000 | 29,440 | |
TOTAL TEXAS | 1,646,561 | ||
Virginia - 0.0% | |||
Fairfax County Redev. & Hsg. Auth. Rev. Bonds (Dominion Square North Proj.) Series 2023, 5%, tender 1/1/28 (b) | 20,000 | 20,698 | |
Washington - 2.9% | |||
King County Hsg. Auth. Rev. Series 2018, 3.25% 5/1/33 | 1,000,000 | 941,784 | |
Port of Seattle Rev.: | |||
Series 2018 A, 5% 5/1/37 (c) | 5,000 | 5,149 | |
Series 2019: | |||
5% 4/1/35 (c) | 30,000 | 31,360 | |
5% 4/1/36 (c) | 5,000 | 5,227 | |
Washington Gen. Oblig.: | |||
Series 2021 A, 5% 6/1/38 | 15,000 | 16,416 | |
Series 2024 C, 5% 6/1/32 | 50,000 | 57,274 | |
Washington Health Care Facilities Auth. Rev.: | |||
(Overlake Hosp. Med. Ctr., WA. Proj.) Series 2017 B: | |||
5% 7/1/27 | 150,000 | 152,332 | |
5% 7/1/36 | 155,000 | 156,696 | |
(Providence Health Systems Proj.) Series 2018 B, 5% 10/1/33 | 15,000 | 15,681 | |
(Virginia Mason Med. Ctr. Proj.) Series 2017, 5% 8/15/27 | 75,000 | 76,909 | |
Series 2015 A, 5% 8/15/27 | 5,000 | 5,067 | |
Series 2019 A1, 5% 8/1/36 | 10,000 | 10,698 | |
Washington Higher Ed. Facilities Auth. Rev. (Whitman College Proj.) Series 2024, 4% 1/1/43 | 25,000 | 24,715 | |
Washington Hsg. Fin. Commission Multi-family Hsg. Rev. Bonds (Ardea At Totem Lake Apts. Proj.) Series 2023, 5%, tender 2/1/27 (b) | 45,000 | 46,269 | |
Washington Hsg. Fin. Commission Nonprofit Rev. (Seattle Academy of Arts and Sciences Proj.) Series 2023, 5% 7/1/28 (d) | 155,000 | 161,207 | |
TOTAL WASHINGTON | 1,706,784 | ||
West Virginia - 1.1% | |||
Monongalia Cty W Bld Cm Rev. Series 2015, 5% 7/1/29 | 220,000 | 220,942 | |
West Virginia Econ. Dev. Auth. Solid Waste Disp. Facilities Rev. Bonds (Appalachian Pwr. Co. - Amos Proj.) Series 2015 A, 3.375%, tender 6/15/28 (b) | 15,000 | 14,864 | |
West Virginia Hosp. Fin. Auth. Hosp. Rev.: | |||
Series 2016 A: | |||
3% 6/1/33 | 240,000 | 222,024 | |
3.25% 6/1/39 | 80,000 | 72,093 | |
Series 2018 A, 5% 1/1/43 | 100,000 | 101,494 | |
TOTAL WEST VIRGINIA | 631,417 | ||
Wisconsin - 2.3% | |||
Howard Suamico Scd Series 2021, 2% 3/1/38 | 15,000 | 11,286 | |
Milwaukee Gen. Oblig. Series 2017 N4, 5% 4/1/26 | 5,000 | 5,131 | |
Pub. Fin. Auth. Hosp. Rev.: | |||
(Renown Reg'l. Med. Ctr. Proj.) Series 2020 A, 4% 6/1/45 | 100,000 | 93,176 | |
Series 2020 A, 3% 6/1/45 | 100,000 | 79,545 | |
Roseman Univ. of Health Series 2021 A, 4.5% 6/1/56 (d) | 115,000 | 93,729 | |
Westosha Cent High School District Series 2021: | |||
2% 3/1/35 | 90,000 | 71,534 | |
2% 3/1/36 | 60,000 | 46,624 | |
Wisconsin Health & Edl. Facilities: | |||
Series 2013 B2, 4% 11/15/43 | 55,000 | 53,312 | |
Series 2015, 3.15% 8/15/27 | 80,000 | 78,424 | |
Series 2016 A, 3.5% 2/15/46 | 210,000 | 160,299 | |
Wisconsin Health & Edl. Facilities Auth. Rev.: | |||
Series 2021 A, 3% 10/15/39 | 135,000 | 114,998 | |
Series 2024 A, 4.5% 2/15/54 (Build America Mutual Assurance Insured) | 500,000 | 500,136 | |
Wisconsin Hsg. & Econ. Dev. Auth. Hsg. Rev. Bonds Series 2023 E, 3.875%, tender 5/1/27 (b) | 40,000 | 40,204 | |
TOTAL WISCONSIN | 1,348,398 | ||
TOTAL MUNICIPAL BONDS (Cost $53,718,971) | 54,792,721 | ||
Municipal Notes - 3.7% | |||
Principal Amount (a) | Value ($) | ||
California - 0.8% | |||
California Statewide Cmntys. Dev. Auth. Multi-family Hsg. Rev. Participating VRDN Series MIZ 91 21, 4.3% 8/1/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(c)(g)(h) | 500,000 | 500,000 | |
Texas - 1.5% | |||
Port Arthur Navigation District Envir. Facilities Rev. (Motiva Enterprises LLC Proj.) Series 2010 C, 4.2% 8/1/24, VRDN (b) | 900,000 | 900,000 | |
Utah - 1.4% | |||
Salt Lake City Arpt. Rev. Participating VRDN Series XM 11 07, 4.4% 8/1/24 (Liquidity Facility JPMorgan Chase Bank) (b)(c)(g)(h) | 800,000 | 800,000 | |
TOTAL MUNICIPAL NOTES (Cost $2,200,000) | 2,200,000 | ||
Money Market Funds - 3.7% | |||
Shares | Value ($) | ||
Fidelity Municipal Cash Central Fund 3.90% (i)(j) (Cost $2,146,762) | 2,146,337 | 2,146,767 | |
TOTAL INVESTMENT IN SECURITIES - 99.9% (Cost $58,065,733) | 59,139,488 |
NET OTHER ASSETS (LIABILITIES) - 0.1% | 84,118 |
NET ASSETS - 100.0% | 59,223,606 |
VRDN | - | VARIABLE RATE DEMAND NOTE (A debt instrument that is payable upon demand, either daily, weekly or monthly) |
(a) | Amount is stated in United States dollars unless otherwise noted. |
(b) | Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end. |
(c) | Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals. |
(d) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $807,935 or 1.4% of net assets. |
(e) | Level 3 security |
(f) | Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end. |
(g) | Provides evidence of ownership in one or more underlying municipal bonds. |
(h) | Coupon rates are determined by re-marketing agents based on current market conditions. |
(i) | Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Municipal Cash Central Fund. |
(j) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Municipal Cash Central Fund 3.90% | 2,652,426 | 8,680,361 | 9,186,257 | 27,876 | 497 | (260) | 2,146,767 | 0.1% |
Total | 2,652,426 | 8,680,361 | 9,186,257 | 27,876 | 497 | (260) | 2,146,767 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Municipal Securities | 56,992,721 | - | 56,976,012 | 16,709 |
Money Market Funds | 2,146,767 | 2,146,767 | - | - |
Total Investments in Securities: | 59,139,488 | 2,146,767 | 56,976,012 | 16,709 |
Statement of Assets and Liabilities | ||||
As of July 31, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $55,918,971) | $ | 56,992,721 | ||
Fidelity Central Funds (cost $2,146,762) | 2,146,767 | |||
Total Investment in Securities (cost $58,065,733) | $ | 59,139,488 | ||
Cash | 13,628 | |||
Receivable for investments sold | 79,300 | |||
Receivable for fund shares sold | 196,871 | |||
Interest receivable | 519,177 | |||
Distributions receivable from Fidelity Central Funds | 6,029 | |||
Prepaid expenses | 12 | |||
Receivable from investment adviser for expense reductions | 7,279 | |||
Total assets | 59,961,784 | |||
Liabilities | ||||
Payable for investments purchased | $ | 638,070 | ||
Payable for fund shares redeemed | 4,025 | |||
Distributions payable | 41,927 | |||
Accrued management fee | 19,836 | |||
Distribution and service plan fees payable | 3,083 | |||
Other payables and accrued expenses | 31,237 | |||
Total liabilities | 738,178 | |||
Net Assets | $ | 59,223,606 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 58,024,874 | ||
Total accumulated earnings (loss) | 1,198,732 | |||
Net Assets | $ | 59,223,606 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($2,848,105 ÷ 278,600 shares)(a) | $ | 10.22 | ||
Maximum offering price per share (100/96.00 of $10.22) | $ | 10.65 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($2,154,052 ÷ 210,705 shares)(a) | $ | 10.22 | ||
Maximum offering price per share (100/96.00 of $10.22) | $ | 10.65 | ||
Class C : | ||||
Net Asset Value and offering price per share ($2,543,428 ÷ 251,521 shares)(a) | $ | 10.11 | ||
Fidelity Municipal Core Plus Bond Fund : | ||||
Net Asset Value, offering price and redemption price per share ($36,179,062 ÷ 3,539,119 shares) | $ | 10.22 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($2,151,836 ÷ 210,489 shares) | $ | 10.22 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($13,347,123 ÷ 1,305,642 shares) | $ | 10.22 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended July 31, 2024 (Unaudited) | ||||
Investment Income | ||||
Interest | $ | 1,090,687 | ||
Income from Fidelity Central Funds | 27,876 | |||
Total income | 1,118,563 | |||
Expenses | ||||
Management fee | $ | 111,436 | ||
Transfer agent fees | 3,279 | |||
Distribution and service plan fees | 18,285 | |||
Accounting fees and expenses | 1,168 | |||
Custodian fees and expenses | 687 | |||
Independent trustees' fees and expenses | 73 | |||
Registration fees | 35,792 | |||
Audit fees | 27,709 | |||
Legal | 97 | |||
Miscellaneous | 106 | |||
Total expenses before reductions | 198,632 | |||
Expense reductions | (82,878) | |||
Total expenses after reductions | 115,754 | |||
Net Investment income (loss) | 1,002,809 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 59,837 | |||
Fidelity Central Funds | 497 | |||
Total net realized gain (loss) | 60,334 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (380,362) | |||
Fidelity Central Funds | (260) | |||
Total change in net unrealized appreciation (depreciation) | (380,622) | |||
Net gain (loss) | (320,288) | |||
Net increase (decrease) in net assets resulting from operations | $ | 682,521 |
Statement of Changes in Net Assets | ||||
Six months ended July 31, 2024 (Unaudited) | For the period February 16, 2023 (commencement of operations) through January 31, 2024 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 1,002,809 | $ | 1,303,377 |
Net realized gain (loss) | 60,334 | 30,173 | ||
Change in net unrealized appreciation (depreciation) | (380,622) | 1,454,377 | ||
Net increase (decrease) in net assets resulting from operations | 682,521 | 2,787,927 | ||
Distributions to shareholders | (986,585) | (1,285,132) | ||
Share transactions - net increase (decrease) | 5,156,263 | 52,868,612 | ||
Total increase (decrease) in net assets | 4,852,199 | 54,371,407 | ||
Net Assets | ||||
Beginning of period | 54,371,407 | - | ||
End of period | $ | 59,223,606 | $ | 54,371,407 |
Fidelity Advisor® Municipal Core Plus Bond Fund Class A |
Six months ended (Unaudited) July 31, 2024 | Years ended January 31, 2024 A | |||
Selected Per-Share Data | ||||
Net asset value, beginning of period | $ | 10.28 | $ | 10.00 |
Income from Investment Operations | ||||
Net investment income (loss) B,C | .173 | .320 | ||
Net realized and unrealized gain (loss) | (.064) | .270 D | ||
Total from investment operations | .109 | .590 | ||
Distributions from net investment income | (.165) | (.307) | ||
Distributions from net realized gain | (.004) | (.003) | ||
Total distributions | (.169) | (.310) | ||
Net asset value, end of period | $ | 10.22 | $ | 10.28 |
Total Return E,F,G | 1.08 % | 6.03% D | ||
Ratios to Average Net Assets C,H,I | ||||
Expenses before reductions | 1.00% J | 1.41% J,K | ||
Expenses net of fee waivers, if any | .62 % J | .62% J,K | ||
Expenses net of all reductions | .62% J | .61% J,K | ||
Net investment income (loss) | 3.42% J | 3.33% J,K | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 2,848 | $ | 2,440 |
Portfolio turnover rate L | 30 % J | 25% J |
Fidelity Advisor® Municipal Core Plus Bond Fund Class M |
Six months ended (Unaudited) July 31, 2024 | Years ended January 31, 2024 A | |||
Selected Per-Share Data | ||||
Net asset value, beginning of period | $ | 10.28 | $ | 10.00 |
Income from Investment Operations | ||||
Net investment income (loss) B,C | .173 | .320 | ||
Net realized and unrealized gain (loss) | (.064) | �� | .270 D | |
Total from investment operations | .109 | .590 | ||
Distributions from net investment income | (.165) | (.307) | ||
Distributions from net realized gain | (.004) | (.003) | ||
Total distributions | (.169) | (.310) | ||
Net asset value, end of period | $ | 10.22 | $ | 10.28 |
Total Return E,F,G | 1.08 % | 6.03% D | ||
Ratios to Average Net Assets C,H,I | ||||
Expenses before reductions | 1.01% J | 1.42% J,K | ||
Expenses net of fee waivers, if any | .62 % J | .62% J,K | ||
Expenses net of all reductions | .62% J | .61% J,K | ||
Net investment income (loss) | 3.42% J | 3.33% J,K | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 2,154 | $ | 2,121 |
Portfolio turnover rate L | 30 % J | 25% J |
Fidelity Advisor® Municipal Core Plus Bond Fund Class C |
Six months ended (Unaudited) July 31, 2024 | Years ended January 31, 2024 A | |||
Selected Per-Share Data | ||||
Net asset value, beginning of period | $ | 10.21 | $ | 10.00 |
Income from Investment Operations | ||||
Net investment income (loss) B,C | .134 | .247 | ||
Net realized and unrealized gain (loss) | (.067) | .271 D | ||
Total from investment operations | .067 | .518 | ||
Distributions from net investment income | (.163) | (.305) | ||
Distributions from net realized gain | (.004) | (.003) | ||
Total distributions | (.167) | (.308) | ||
Net asset value, end of period | $ | 10.11 | $ | 10.21 |
Total Return E,F,G | .68 % | 5.30% D | ||
Ratios to Average Net Assets C,H,I | ||||
Expenses before reductions | 1.77% J | 2.16% J,K | ||
Expenses net of fee waivers, if any | 1.37 % J | 1.37% J,K | ||
Expenses net of all reductions | 1.37% J | 1.36% J,K | ||
Net investment income (loss) | 2.67% J | 2.58% J,K | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 2,543 | $ | 2,529 |
Portfolio turnover rate L | 30 % J | 25% J |
Fidelity® Municipal Core Plus Bond Fund |
Six months ended (Unaudited) July 31, 2024 | Years ended January 31, 2024 A | |||
Selected Per-Share Data | ||||
Net asset value, beginning of period | $ | 10.28 | $ | 10.00 |
Income from Investment Operations | ||||
Net investment income (loss) B,C | .186 | .343 | ||
Net realized and unrealized gain (loss) | (.065) | .271 D | ||
Total from investment operations | .121 | .614 | ||
Distributions from net investment income | (.177) | (.331) | ||
Distributions from net realized gain | (.004) | (.003) | ||
Total distributions | (.181) | (.334) | ||
Net asset value, end of period | $ | 10.22 | $ | 10.28 |
Total Return E,F | 1.20 % | 6.28% D | ||
Ratios to Average Net Assets C,G,H | ||||
Expenses before reductions | .63% I | 1.04% I,J | ||
Expenses net of fee waivers, if any | .37 % I | .37% I,J | ||
Expenses net of all reductions | .37% I | .36% I,J | ||
Net investment income (loss) | 3.67% I | 3.58% I,J | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 36,179 | $ | 32,502 |
Portfolio turnover rate K | 30 % I | 25% I |
Fidelity Advisor® Municipal Core Plus Bond Fund Class I |
Six months ended (Unaudited) July 31, 2024 | Years ended January 31, 2024 A | |||
Selected Per-Share Data | ||||
Net asset value, beginning of period | $ | 10.28 | $ | 10.00 |
Income from Investment Operations | ||||
Net investment income (loss) B,C | .186 | .344 | ||
Net realized and unrealized gain (loss) | (.065) | .270 D | ||
Total from investment operations | .121 | .614 | ||
Distributions from net investment income | (.177) | (.331) | ||
Distributions from net realized gain | (.004) | (.003) | ||
Total distributions | (.181) | (.334) | ||
Net asset value, end of period | $ | 10.22 | $ | 10.28 |
Total Return E,F | 1.20 % | 6.28% D | ||
Ratios to Average Net Assets C,G,H | ||||
Expenses before reductions | .76% I | 1.17% I,J | ||
Expenses net of fee waivers, if any | .37 % I | .37% I,J | ||
Expenses net of all reductions | .37% I | .36% I,J | ||
Net investment income (loss) | 3.67% I | 3.58% I,J | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 2,152 | $ | 2,191 |
Portfolio turnover rate K | 30 % I | 25% I |
Fidelity Advisor® Municipal Core Plus Bond Fund Class Z |
Six months ended (Unaudited) July 31, 2024 | Years ended January 31, 2024 A | |||
Selected Per-Share Data | ||||
Net asset value, beginning of period | $ | 10.28 | $ | 10.00 |
Income from Investment Operations | ||||
Net investment income (loss) B,C | .189 | .353 | ||
Net realized and unrealized gain (loss) | (.065) | .267 D | ||
Total from investment operations | .124 | .620 | ||
Distributions from net investment income | (.180) | (.337) | ||
Distributions from net realized gain | (.004) | (.003) | ||
Total distributions | (.184) | (.340) | ||
Net asset value, end of period | $ | 10.22 | $ | 10.28 |
Total Return E,F | 1.23 % | 6.34% D | ||
Ratios to Average Net Assets C,G,H | ||||
Expenses before reductions | .63% I | 1.17% I,J | ||
Expenses net of fee waivers, if any | .31 % I | .31% I,J | ||
Expenses net of all reductions | .31% I | .30% I,J | ||
Net investment income (loss) | 3.73% I | 3.64% I,J | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 13,347 | $ | 12,589 |
Portfolio turnover rate K | 30 % I | 25% I |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $1,294,209 |
Gross unrealized depreciation | (129,280) |
Net unrealized appreciation (depreciation) | $1,164,929 |
Tax cost | $57,974,559 |
Purchases ($) | Sales ($) | |
Fidelity Municipal Core Plus Bond Fund | 9,957,553 | 7,792,695 |
Maximum Management Fee Rate % | |
Class A | .51 |
Class M | .52 |
Class C | .52 |
Fidelity Municipal Core Plus Bond Fund | .39 |
Class I | .52 |
Class Z | .39 |
Total Management Fee Rate % | |
Class A | .51 |
Class M | .52 |
Class C | .52 |
Fidelity Municipal Core Plus Bond Fund | .39 |
Class I | .52 |
Class Z | .39 |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | - % | .25% | 3,063 | 3,063 |
Class M | - % | .25% | 2,646 | 2,644 |
Class C | .75% | .25% | 12,576 | 12,576 |
18,285 | 18,283 |
Retained by FDC ($) | |
Class A | 244 |
Amount ($) | % of Class-Level Average Net Assets | ||
Class A | 336 | .1654 | |
Class M | 317 | .1800 | |
Class C | 378 | .1799 | |
Fidelity Municipal Core Plus Bond Fund | 1,394 | .0515 | |
Class I | 329 | .1807 | |
Class Z | 525 | .0500 | |
3,279 | |||
% of Average Net Assets | |
Fidelity Municipal Core Plus Bond Fund | .0258 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Municipal Core Plus Bond Fund | - | 1,618,006 | (27,140) |
Amount ($) | |
Fidelity Municipal Core Plus Bond Fund | 48 |
Expense Limitations | Reimbursement ($) | |
Class A | .62% | 4,645 |
Class M | .62% | 4,138 |
Class C | 1.37% | 4,972 |
Fidelity Municipal Core Plus Bond Fund | .37% | 43,445 |
Class I | .37% | 4,217 |
Class Z | .31% | 20,258 |
81,675 |
Six months ended July 31, 2024 | Year ended January 31, 2024A | |
Fidelity Municipal Core Plus Bond Fund | ||
Distributions to shareholders | ||
Class A | $40,589 | $69,315 |
Class M | 35,054 | 62,894 |
Class C | 41,708 | 67,546 |
Fidelity Municipal Core Plus Bond Fund | 600,641 | 862,906 |
Class I | 38,372 | 68,814 |
Class Z | 230,221 | 153,657 |
Total | $986,585 | $1,285,132 |
Shares | Shares | Dollars | Dollars | |
Six months ended July 31, 2024 | Year ended January 31, 2024A | Six months ended July 31, 2024 | Year ended January 31, 2024A | |
Fidelity Municipal Core Plus Bond Fund | ||||
Class A | ||||
Shares sold | 37,707 | 236,175 | $384,823 | $2,360,171 |
Reinvestment of distributions | 3,994 | 6,920 | 40,589 | 69,315 |
Shares redeemed | (397) | (5,799) | (4,038) | (58,736) |
Net increase (decrease) | 41,304 | 237,296 | $421,374 | $2,370,750 |
Class M | ||||
Shares sold | 978 | 200,000 | $10,003 | $2,000,000 |
Reinvestment of distributions | 3,449 | 6,278 | 35,054 | 62,894 |
Net increase (decrease) | 4,427 | 206,278 | $45,057 | $2,062,894 |
Class C | ||||
Shares sold | 49 | 240,903 | $504 | $2,403,000 |
Reinvestment of distributions | 4,142 | 6,771 | 41,708 | 67,546 |
Shares redeemed | (344) | - | (3,492) | - |
Net increase (decrease) | 3,847 | 247,674 | $38,720 | $2,470,546 |
Fidelity Municipal Core Plus Bond Fund | ||||
Shares sold | 381,435 | 3,341,983 | $3,883,983 | $33,538,835 |
Reinvestment of distributions | 52,755 | 79,689 | 536,168 | 798,337 |
Shares redeemed | (56,164) | (260,579) | (571,462) | (2,578,317) |
Net increase (decrease) | 378,026 | 3,161,093 | $3,848,689 | $31,758,855 |
Class I | ||||
Shares sold | 587 | 219,506 | $6,000 | $2,192,457 |
Reinvestment of distributions | 3,774 | 6,807 | 38,359 | 68,205 |
Shares redeemed | (6,922) | (13,263) | (70,062) | (136,739) |
Net increase (decrease) | (2,561) | 213,050 | $(25,703) | $2,123,923 |
Class Z | ||||
Shares sold | 128,167 | 1,242,463 | $1,306,161 | $12,261,746 |
Reinvestment of distributions | 4,828 | 7,157 | 49,066 | 71,731 |
Shares redeemed | (51,781) | (25,192) | (527,101) | (251,833) |
Net increase (decrease) | 81,214 | 1,224,428 | $828,126 | $12,081,644 |
Fund | Affiliated % |
Fidelity Municipal Core Plus Bond Fund | 36% |
Contents
Municipal Bonds - 53.0% | |||
Principal Amount (a) | Value ($) | ||
Alabama - 0.8% | |||
Black Belt Energy Gas District: | |||
Bonds Series 2022 D1, 4%, tender 6/1/27 (b) | 2,055,000 | 2,071,025 | |
Series 2022 C1: | |||
5.25% 12/1/24 | 150,000 | 150,677 | |
5.25% 12/1/25 | 195,000 | 198,520 | |
5.25% 6/1/26 | 445,000 | 456,297 | |
Series 2022 E: | |||
5% 6/1/25 | 580,000 | 585,461 | |
5% 6/1/26 | 795,000 | 811,414 | |
Series 2023 C: | |||
5.5% 6/1/26 | 430,000 | 443,033 | |
5.5% 6/1/27 | 140,000 | 145,877 | |
Jefferson County Swr. Rev. Series 2024: | |||
5% 10/1/24 | 115,000 | 115,259 | |
5% 10/1/25 | 520,000 | 528,810 | |
5% 10/1/26 | 310,000 | 319,787 | |
5% 10/1/27 | 290,000 | 303,573 | |
Mobile Indl. Dev. Board Poll. Cont. Rev. Bonds (Alabama Pwr. Co. Barry Plant Proj.): | |||
Series 2007 C, 3.78%, tender 6/16/26 (b) | 505,000 | 508,012 | |
Series 2008, 3.65%, tender 1/10/25 (b) | 3,865,000 | 3,864,121 | |
Southeast Energy Auth. Rev. (Proj. No. 2) Series 2021 B1, 4% 6/1/25 | 225,000 | 225,055 | |
TOTAL ALABAMA | 10,726,921 | ||
Alaska - 0.0% | |||
Alaska Int'l. Arpts. Revs. Series 2021 C, 5% 10/1/25 (c) | 620,000 | 632,043 | |
Arizona - 2.5% | |||
Arizona Health Facilities Auth. Rev. (Scottsdale Lincoln Hospitals Proj.) Series 2014 A, 5% 12/1/24 | 365,000 | 366,807 | |
Arizona St Indl. Dev. Auth. Multi Bonds (Unity at West Glendale Proj.) Series 2024, 5%, tender 9/1/26 (b) | 1,082,000 | 1,111,517 | |
Chandler Indl. Dev. Auth. Indl. Dev. Rev. Bonds (Intel Corp. Proj.) Series 2022 2, 5%, tender 9/1/27 (b)(c) | 7,300,000 | 7,526,145 | |
Coconino County Poll. Cont. Corp. Rev. Bonds (Navada Pwr. Co. Projs.) Series 2017 A, 4.125%, tender 3/31/26 (b)(c) | 940,000 | 938,126 | |
Maricopa County Indl. Dev. Auth. Series 2024 D: | |||
5% 12/1/25 (d) | 2,640,000 | 2,693,907 | |
5% 12/1/26 (d) | 3,345,000 | 3,463,683 | |
5% 12/1/27 (d) | 2,685,000 | 2,823,022 | |
Maricopa County Rev. Bonds: | |||
Series 2019 D, 5%, tender 5/15/26 (b) | 1,500,000 | 1,542,257 | |
Series 2023 A1, 5%, tender 5/15/26 (b) | 4,270,000 | 4,390,290 | |
Series C, 5%, tender 10/18/24 (b) | 345,000 | 346,133 | |
Phoenix Civic Impt. Board Arpt. Rev.: | |||
Series 2018, 5% 7/1/25 (c) | 1,460,000 | 1,481,864 | |
Series 2019 B, 5% 7/1/25 (c) | 1,500,000 | 1,522,463 | |
Series 2023, 5% 7/1/26 (c) | 2,430,000 | 2,507,900 | |
Phoenix Indl. Solid Waste Disp. Rev. Bonds (Republic Svc., Inc. Proj.) Series 2013, 4.05%, tender 8/1/24 (b)(c) | 4,205,000 | 4,205,000 | |
TOTAL ARIZONA | 34,919,114 | ||
California - 3.4% | |||
Anaheim Pub. Fing. Auth. Lease Rev. Series 1997, 0% 9/1/25 (Assured Guaranty Muni. Corp. Insured) | 3,645,000 | 3,524,270 | |
California Health Facilities Fing. Auth. Rev. Bonds: | |||
Series 2016 B2, 4%, tender 10/1/24 (b) | 4,770,000 | 4,772,382 | |
Series 2019 C, 5%, tender 10/1/25 (b) | 1,545,000 | 1,557,945 | |
California Muni. Fin. Auth. Solid Waste Disp. Rev. Bonds: | |||
(Republic Svcs., Inc. Proj.): | |||
Series 2021 A, 4%, tender 10/1/24 (b)(c) | 2,900,000 | 2,902,276 | |
Series 2021 B, 4.15%, tender 1/15/25 (b)(c) | 3,100,000 | 3,102,612 | |
(Waste Mgmt., Inc. Proj.): | |||
Series 2009 A, 1.3%, tender 2/3/25 (b)(e) | 275,000 | 269,410 | |
Series 2017 A, 4.25%, tender 12/2/24 (b)(c) | 4,595,000 | 4,596,850 | |
California Poll. Cont. Fing. Auth. Solid Waste Disp. Rev. Bonds: | |||
(Republic Svcs. INC. Proj.) Series 2023, 4.125%, tender 8/15/24 (b)(c)(e) | 4,800,000 | 4,800,037 | |
(Republic Svcs., Inc. Proj.): | |||
Series 2017 A1, 4.1%, tender 10/15/24 (b)(c)(e) | 3,100,000 | 3,101,232 | |
Series 2017 A2, 4.1%, tender 10/15/24 (b)(c)(e) | 4,500,000 | 4,501,788 | |
California Pub. Works Board Lease Rev. (Various Cap. Projs.) Series 2022 C, 5% 8/1/24 | 700,000 | 700,000 | |
Los Angeles Dept. Arpt. Rev.: | |||
Series 2018 D, 5% 5/15/25 (c) | 2,000,000 | 2,025,049 | |
Series 2022 C: | |||
5% 5/15/25 (c) | 540,000 | 546,763 | |
5% 5/15/26 (c) | 1,310,000 | 1,348,416 | |
Series 2022 G, 5% 5/15/25 (c) | 365,000 | 369,572 | |
Series 2023 A: | |||
5% 5/15/25 (c) | 170,000 | 172,129 | |
5% 5/15/26 (c) | 295,000 | 303,651 | |
Los Angeles Unified School District Series 2024 A, 5% 7/1/25 | 2,850,000 | 2,906,018 | |
Port of Oakland Rev.: | |||
Series 2017, 5% 5/1/26 (c) | 1,000,000 | 1,027,982 | |
Series 2021, 5% 5/1/26 (c) | 5,000 | 5,173 | |
San Francisco City & County Arpts. Commission Int'l. Arpt. Rev.: | |||
Series 2019 H, 5% 5/1/27 (c) | 2,190,000 | 2,274,381 | |
Series 2023 A: | |||
5% 5/1/25 (c) | 550,000 | 557,112 | |
5% 5/1/26 (c) | 2,160,000 | 2,223,414 | |
San Jose Int. Arpt. Rev. Series 2021 B, 5% 3/1/25 | 135,000 | 136,666 | |
TOTAL CALIFORNIA | 47,725,128 | ||
Colorado - 1.3% | |||
Colorado Health Facilities Auth. Rev. Bonds: | |||
Bonds: | |||
Series 2019 B, 5%, tender 8/1/25 (b) | 1,000,000 | 1,008,015 | |
Series 2022 B, 5%, tender 8/17/26 (b) | 3,200,000 | 3,305,495 | |
Series 2016 B, 5% 11/15/27 | 2,370,000 | 2,456,478 | |
Series 2022 A: | |||
5% 11/1/24 | 155,000 | 155,655 | |
5% 11/1/25 | 145,000 | 148,235 | |
Colorado Hsg. & Fin. Auth. Multi-family Hsg. Rev. Bonds (The Reserves at Eagle Point Proj.) Series 2024, 3.5%, tender 11/1/26 (b) | 2,910,000 | 2,911,179 | |
Colorado Univ. Co. Hosp. Auth. Rev. Bonds Series 2019 C, 5%, tender 11/15/24 (b) | 255,000 | 255,542 | |
Denver City & County Arpt. Rev.: | |||
Series 2017 A, 5% 11/15/24 (c) | 300,000 | 301,366 | |
Series 2018 A, 5% 12/1/27 (c) | 1,625,000 | 1,700,024 | |
Series 2022 A: | |||
5% 11/15/24 (c) | 365,000 | 366,662 | |
5% 11/15/25 (c) | 995,000 | 1,016,385 | |
Series 2022 D: | |||
5% 11/15/25 (c) | 1,460,000 | 1,491,379 | |
5.25% 11/15/26 (c) | 1,820,000 | 1,897,937 | |
Maiker Hsg. Partners Colo Multi Bonds Series 2023, 4.5%, tender 5/1/26 (b) | 1,158,000 | 1,158,864 | |
TOTAL COLORADO | 18,173,216 | ||
Connecticut - 2.0% | |||
Connecticut Gen. Oblig.: | |||
Series 2013 A, 4.6% 3/1/25 (b) | 390,000 | 391,011 | |
Series 2016 B, 5% 5/15/25 | 185,000 | 187,958 | |
Connecticut Health & Edl. Facilities Auth. Rev.: | |||
Bonds: | |||
Series 1999 U2, 1.1%, tender 2/11/25 (b) | 1,315,000 | 1,295,494 | |
Series 2010 A3, 2.95%, tender 7/1/27 (b) | 4,850,000 | 4,808,067 | |
Series 2010 A4, 1.1%, tender 2/11/25 (b) | 3,300,000 | 3,251,049 | |
Series 2017 B2, 3.2%, tender 7/1/26 (b) | 1,135,000 | 1,131,280 | |
Series 2017 C2, 2.8%, tender 2/3/26 (b) | 6,410,000 | 6,364,715 | |
Series 2022 L, 5% 7/1/25 | 165,000 | 167,516 | |
Series 2024 A: | |||
5% 7/1/25 | 730,000 | 742,789 | |
5% 7/1/26 | 2,735,000 | 2,833,515 | |
5% 7/1/27 | 2,600,000 | 2,742,440 | |
Connecticut Spl. Tax Oblig. Trans. Infrastructure Rev.: | |||
Series 2015 A, 5% 8/1/26 | 365,000 | 372,163 | |
Series 2021 A: | |||
5% 5/1/25 | 1,445,000 | 1,466,834 | |
5% 5/1/26 | 465,000 | 481,805 | |
Hartford Gen. Oblig. Series 2015 C, 5% 7/15/25 (Assured Guaranty Muni. Corp. Insured) | 695,000 | 708,619 | |
New Haven Gen. Oblig. Series 2023: | |||
5% 8/1/24 | 220,000 | 220,000 | |
5% 8/1/25 | 180,000 | 182,554 | |
5% 8/1/26 (Build America Mutual Assurance Insured) | 255,000 | 263,546 | |
5% 8/1/27 (Build America Mutual Assurance Insured) | 235,000 | 246,655 | |
TOTAL CONNECTICUT | 27,858,010 | ||
Delaware - 0.0% | |||
Delaware Econ. Dev. Auth. Rev. Bonds (Delmarva Pwr. & Lt. Co. Proj.) Series A, 1.05%, tender 7/1/25 (b) | 210,000 | 204,549 | |
Delaware Trans. Auth. Grant Series 2020, 5% 9/1/24 | 310,000 | 310,526 | |
TOTAL DELAWARE | 515,075 | ||
District Of Columbia - 1.1% | |||
Metropolitan Washington DC Arpts. Auth. Sys. Rev.: | |||
Series 2014 A, 5% 10/1/26 (c) | 345,000 | 346,097 | |
Series 2018 A, 5% 10/1/24 (c) | 2,070,000 | 2,075,000 | |
Series 2019 A: | |||
5% 10/1/24 (c) | 1,095,000 | 1,097,645 | |
5% 10/1/26 (c) | 610,000 | 630,236 | |
5% 10/1/27 (c) | 1,000,000 | 1,044,226 | |
Series 2020 A, 5% 10/1/24 (c) | 2,625,000 | 2,631,341 | |
Series 2022 A, 5% 10/1/24 (c) | 475,000 | 476,147 | |
Series 2023 A, 5% 10/1/26 (c) | 715,000 | 738,719 | |
Series 2024 A: | |||
5% 10/1/26 (c) | 1,770,000 | 1,828,716 | |
5% 10/1/27 (c) | 4,035,000 | 4,213,450 | |
Washington Metropolitan Area Transit Auth. Series 2023 A, 5% 7/15/25 | 365,000 | 371,883 | |
TOTAL DISTRICT OF COLUMBIA | 15,453,460 | ||
Florida - 4.0% | |||
Broward County Arpt. Sys. Rev. Series 2017, 5% 10/1/24 (c) | 180,000 | 180,420 | |
Broward County Fin. Auth. Multi-family Hsg. Rev. Bonds Series 2023, 4.05%, tender 3/1/26 (b) | 684,000 | 689,580 | |
Broward County Port Facilities Rev. Series 2022, 5% 9/1/27 (c) | 730,000 | 759,326 | |
Broward County School Board Ctfs. of Prtn. Series 2022 A, 5% 7/1/25 | 580,000 | 590,055 | |
Citizens Property Ins. Corp. Series 2015 A1, 5% 6/1/25 (Pre-Refunded to 12/1/24 @ 100) | 2,325,000 | 2,338,877 | |
Duval County School Board Ctfs. of Prtn. Series 2022 A: | |||
5% 7/1/25 (Assured Guaranty Muni. Corp. Insured) | 1,020,000 | 1,038,148 | |
5% 7/1/26 (Assured Guaranty Muni. Corp. Insured) | 1,785,000 | 1,851,999 | |
Florida Dev. Fin. Corp. Healthcare Facility Rev. (Tampa Gen. Hosp. Proj.): | |||
Series 2024 A: | |||
5% 8/1/26 | 440,000 | 454,660 | |
5% 8/1/27 | 1,000,000 | 1,048,230 | |
Series 2024 B, 5% 8/1/25 | 435,000 | 442,159 | |
Florida Hsg. Fin. Corp. Multi-family Mtg. Rev. Bonds: | |||
Series 2023 B, 5%, tender 2/1/26 (b) | 565,000 | 578,127 | |
Series 2023 C, 5%, tender 12/1/25 (b) | 405,000 | 413,485 | |
Series 2024 B, 3.35%, tender 10/26/26 (b) | 2,500,000 | 2,492,916 | |
Series 2024 E, 3.8%, tender 6/1/27 (b) | 1,390,000 | 1,398,325 | |
Greater Orlando Aviation Auth. Arpt. Facilities Rev. Series 2016 A, 5% 10/1/25 (Escrowed to Maturity) (c) | 210,000 | 213,727 | |
Hillsborough Co. Sldwst and Resource Receivables Series 2016 A, 5% 9/1/26 (c) | 825,000 | 848,961 | |
Hillsborough County Aviation Auth. Rev. Series 2022 A: | |||
5% 10/1/24 (c) | 1,665,000 | 1,669,078 | |
5% 10/1/25 (c) | 780,000 | 794,432 | |
Jacksonville Spl. Rev. Series 2022 A: | |||
5% 10/1/24 | 210,000 | 210,653 | |
5% 10/1/25 | 165,000 | 168,796 | |
Lee County Arpt. Rev. Series 2021 A, 5% 10/1/24 (c) | 560,000 | 561,305 | |
Lee County Hsg. Fin. Auth. Multi-family Hsg. Rev. Bonds Series 2023 A, 3.55%, tender 8/1/25 (b) | 912,000 | 912,258 | |
Miami Dade County Hsg. Multifamily Hsg. Rev. Bonds: | |||
Series 2023 B, 4.05%, tender 9/1/25 (b) | 395,000 | 397,329 | |
Series 2023: | |||
3.55%, tender 1/1/26 (b) | 1,755,000 | 1,755,633 | |
5%, tender 9/1/25 (b) | 1,390,000 | 1,406,488 | |
5%, tender 9/1/25 (b) | 760,000 | 772,900 | |
5%, tender 10/1/25 (b) | 2,330,000 | 2,370,192 | |
Series 2024, 3.4%, tender 10/1/26 (b) | 1,900,000 | 1,896,768 | |
Miami-Dade County Aviation Rev. Series 2012 A, 5% 10/1/24 | 325,000 | 325,508 | |
Miami-Dade County Indl. Dev. Auth. Solid Waste Disp. Rev. Bonds: | |||
Series 2011, 5%, tender 11/1/24 (b)(c) | 1,370,000 | 1,374,386 | |
Series 2018 B, 4.5%, tender 7/1/25 (b)(c) | 22,250,000 | 22,248,436 | |
Orange County Health Facilities Auth. Bonds Series 2021 C, 5%, tender 11/15/26 (b) | 1,045,000 | 1,083,881 | |
Orlando Utils. Commission Util. Sys. Rev. Series 2013 A, 5% 10/1/24 | 180,000 | 180,584 | |
Pasco County Tax Alloc Series 2023 A, 5.25% 9/1/25 (Assured Guaranty Muni. Corp. Insured) | 90,000 | 91,812 | |
Pasco County School Board Ctfs. of Prtn. Series 2022 A, 5% 8/1/26 (Assured Guaranty Muni. Corp. Insured) | 380,000 | 394,006 | |
Polk County Hsg. Fin. Auth. Multi-family Hsg. Rev. Bonds Series 2023, 4.15%, tender 6/1/26 (b) | 844,000 | 853,144 | |
TOTAL FLORIDA | 54,806,584 | ||
Georgia - 0.9% | |||
Atlanta Arpt. Rev. Series 2020 B, 5% 7/1/25 (c) | 405,000 | 411,102 | |
Burke County Indl. Dev. Auth. Poll. Cont. Rev.: | |||
(Georgia Pwr. Co. Plant Vogtle Proj.) Series 1994, 3.7%, tender 6/13/28 (b) | 1,180,000 | 1,198,363 | |
Bonds (Georgia Pwr. Co. Plant Vogtle Proj.): | |||
Series 1994 4, 3.8%, tender 5/21/26 (b) | 1,085,000 | 1,094,574 | |
Series 2012, 2.875%, tender 8/19/25 (b) | 1,305,000 | 1,289,815 | |
Series 2013 1, 3.375%, tender 3/12/27 (b) | 610,000 | 610,234 | |
Georgia Muni. Elec. Auth. Pwr. Rev.: | |||
Series 2021 A, 5% 1/1/25 (Assured Guaranty Muni. Corp. Insured) | 75,000 | 75,579 | |
Series 2022 A: | |||
5% 7/1/25 (Assured Guaranty Muni. Corp. Insured) | 130,000 | 132,077 | |
5% 7/1/26 (Assured Guaranty Muni. Corp. Insured) | 135,000 | 139,684 | |
Main Street Natural Gas, Inc.: | |||
Bonds: | |||
Series 2019 B, 4%, tender 12/2/24 (b) | 1,070,000 | 1,070,650 | |
Series 2021 A, 4%, tender 9/1/27 (b) | 1,750,000 | 1,763,293 | |
Series 2022 A, 4% 12/1/25 | 460,000 | 459,246 | |
Series 2023 B: | |||
5% 9/1/25 | 130,000 | 131,504 | |
5% 9/1/26 | 245,000 | 250,345 | |
Series 2023 D: | |||
5% 12/1/24 | 110,000 | 110,428 | |
5% 12/1/25 | 200,000 | 203,358 | |
5% 12/1/26 | 110,000 | 113,226 | |
Series 2024 A1: | |||
5% 3/1/25 | 195,000 | 196,158 | |
5% 9/1/25 | 180,000 | 182,082 | |
5% 3/1/26 | 250,000 | 254,089 | |
5% 9/1/26 | 200,000 | 204,363 | |
5% 3/1/27 | 400,000 | 410,094 | |
5% 9/1/27 | 355,000 | 365,832 | |
Series 2024 B, 5% 3/1/27 | 400,000 | 410,094 | |
Monroe County Dev. Auth. Poll. Cont. Rev. Bonds (Georgia Pwr. Co. Plant Scherer Proj.) Series 2012, 3.875%, tender 3/6/26 (b) | 990,000 | 999,063 | |
TOTAL GEORGIA | 12,075,253 | ||
Guam - 0.1% | |||
Guam Pwr. Auth. Rev. Series 2022 A: | |||
5% 10/1/24 | 450,000 | 451,007 | |
5% 10/1/25 | 565,000 | 574,442 | |
TOTAL GUAM | 1,025,449 | ||
Hawaii - 0.2% | |||
Honolulu City & County Multi-family housing Rev. Bonds Series 2023, 5%, tender 6/1/26 (b) | 2,000,000 | 2,056,240 | |
Illinois - 3.9% | |||
Chicago Midway Arpt. Rev.: | |||
Series 2023, 5% 1/1/27 (Build America Mutual Assurance Insured) (c) | 365,000 | 376,943 | |
Series 2024 A: | |||
5% 1/1/25 (c) | 400,000 | 402,289 | |
5% 1/1/26 (c) | 1,000,000 | 1,019,923 | |
5% 1/1/27 (c) | 1,000,000 | 1,031,549 | |
5% 1/1/28 (c) | 1,000,000 | 1,042,746 | |
Chicago O'Hare Int'l. Arpt. Rev.: | |||
Series 2022 A, 5% 1/1/25 (c) | 400,000 | 402,256 | |
Series 2022 C: | |||
5% 1/1/25 (c) | 820,000 | 824,625 | |
5% 1/1/26 (c) | 440,000 | 448,889 | |
Chicago Wtr. Rev.: | |||
Series 2017 2, 5% 11/1/24 | 365,000 | 366,654 | |
Series 2023 B: | |||
5% 11/1/24 | 745,000 | 748,376 | |
5% 11/1/25 | 415,000 | 424,888 | |
Cook County Gen. Oblig.: | |||
Series 2021 A, 5% 11/15/24 | 165,000 | 165,704 | |
Series 2022 A: | |||
5% 11/15/24 | 2,235,000 | 2,244,531 | |
5% 11/15/25 | 1,605,000 | 1,641,540 | |
Cook County Sales Tax Rev. Series 2022 A, 5% 11/15/25 | 245,000 | 251,047 | |
Illinois Dev. Fin. Auth. Solid Waste Disp. Rev. Bonds (Waste Mgmt., Inc. Proj.) Series 2019, 5%, tender 11/1/24 (b)(c) | 4,760,000 | 4,775,238 | |
Illinois Fin. Auth. Series 2022 A, 5% 10/1/24 | 60,000 | 60,030 | |
Illinois Fin. Auth. Rev. Series 2016, 5% 7/1/27 | 2,030,000 | 2,080,548 | |
Illinois Gen. Oblig.: | |||
Series 2016, 5% 11/1/24 | 290,000 | 291,224 | |
Series 2017 D: | |||
5% 11/1/24 | 9,650,000 | 9,690,855 | |
5% 11/1/26 | 530,000 | 550,257 | |
5% 11/1/27 | 540,000 | 569,106 | |
Series 2019 B, 5% 9/1/25 | 215,000 | 219,061 | |
Series 2021 A, 5% 3/1/27 | 295,000 | 307,844 | |
Series 2022 A, 5% 3/1/25 | 755,000 | 762,647 | |
Series 2022 B: | |||
5% 3/1/25 | 5,930,000 | 5,990,065 | |
5% 3/1/26 | 2,405,000 | 2,470,321 | |
Series 2023 C, 5% 5/1/26 | 1,460,000 | 1,503,888 | |
Series 2023 D, 5% 7/1/25 | 4,580,000 | 4,653,417 | |
Series 2024 B: | |||
5% 5/1/26 | 915,000 | 942,514 | |
5% 5/1/28 | 620,000 | 658,153 | |
Illinois Hsg. Dev. Auth. Multi-family Hsg. Rev. Bonds Series 2023: | |||
4%, tender 6/1/25 (b) | 1,072,000 | 1,076,088 | |
5%, tender 2/1/26 (b) | 512,000 | 523,896 | |
5%, tender 2/1/26 (b) | 554,000 | 566,872 | |
Illinois Sales Tax Rev. Series 2021 C, 5% 6/15/25 | 100,000 | 101,535 | |
Kane, Cook & DuPage Counties School District #46 Elgin Series 2024: | |||
5% 1/1/25 | 1,500,000 | 1,510,266 | |
5% 1/1/26 | 500,000 | 512,471 | |
5% 1/1/28 | 450,000 | 476,686 | |
McHenry County Conservation District Gen. Oblig. Series 2014, 5% 2/1/25 | 730,000 | 736,451 | |
Metropolitan Pier & Exposition Series 2010 B1, 0% 6/15/26 (Assured Guaranty Muni. Corp. Insured) | 410,000 | 384,232 | |
Railsplitter Tobacco Settlement Auth. Rev. Series 2017, 5% 6/1/26 (Escrowed to Maturity) | 365,000 | 377,257 | |
St Clair County Ill Cmnty. Unit Series 2024 A: | |||
5% 1/1/25 (Assured Guaranty Muni. Corp. Insured) | 175,000 | 175,973 | |
5% 1/1/26 (Assured Guaranty Muni. Corp. Insured) | 125,000 | 127,386 | |
5% 1/1/27 (Assured Guaranty Muni. Corp. Insured) | 150,000 | 155,618 | |
5% 1/1/28 (Assured Guaranty Muni. Corp. Insured) | 225,000 | 236,992 | |
Univ. of Illinois Rev. Series 2023, 5% 10/1/27 | 145,000 | 152,041 | |
TOTAL ILLINOIS | 54,030,892 | ||
Indiana - 1.2% | |||
Indiana Fin. Auth. Econ. Dev. Rev. Bonds (Republic Svcs., Inc. Proj.): | |||
Series 2012, 4.2%, tender 9/3/24 (b)(c) | 1,100,000 | 1,100,708 | |
Series A, 4.2%, tender 9/3/24 (b)(c) | 5,100,000 | 5,103,281 | |
Indianapolis Local Pub. Impt.: | |||
(Indianapolis Arpt. Auth. Proj.) Series 2019 D, 5% 1/1/25 (c) | 2,100,000 | 2,112,716 | |
Indianapolis Arpt. Auth. Proj. Series 2019 D, 5% 1/1/26 (c) | 3,740,000 | 3,820,756 | |
Series 2016, 5% 1/1/26 (c) | 730,000 | 745,763 | |
Series 2022 G2: | |||
5% 1/1/25 (c) | 30,000 | 30,182 | |
5% 1/1/26 (c) | 150,000 | 153,239 | |
Indianapolis Local Pub. Impt. Bond Bank (Indianapolis Arpt. Auth. Proj.) Series 2023 I2: | |||
5% 1/1/25 (c) | 625,000 | 628,784 | |
5% 1/1/26 (c) | 385,000 | 393,313 | |
5% 1/1/27 (c) | 765,000 | 790,389 | |
Whiting Envir. Facilities Rev. Bonds (BP Products North America, Inc. Proj.) Series 2017, 5%, tender 11/1/24 (b)(c) | 2,240,000 | 2,243,918 | |
TOTAL INDIANA | 17,123,049 | ||
Iowa - 0.1% | |||
Iowa Fin. Auth. Solid Waste Facilities Bonds (Gevo NW Iowa RNG, LLC Renewable Natural Gas Proj.) Series 2021, 3.875%, tender 4/1/26, LOC Citibank NA (b)(c) | 670,000 | 671,345 | |
Iowa Student Ln. Liquidity Corp. Student Ln. Rev.: | |||
Series 2015 A, 5% 12/1/24 (c) | 180,000 | 180,864 | |
Series 2023 B, 5% 12/1/26 (c) | 220,000 | 225,019 | |
TOTAL IOWA | 1,077,228 | ||
Kansas - 0.0% | |||
Olathe Gen. Oblig. Series 2017 230, 2.5% 10/1/27 | 410,000 | 390,981 | |
Kentucky - 0.6% | |||
Kentucky Asset/Liability Commission Gen. Fund Rev. Series 2021 A, 5% 11/1/24 | 365,000 | 366,626 | |
Kentucky, Inc. Pub. Energy Bonds Series C1, 4%, tender 6/1/25 (b) | 1,850,000 | 1,854,284 | |
Knott County Indl. Bldg. Rev. Bonds (Solid Waste Proj.) Series 2024, 4%, tender 4/1/25 (b)(c)(e) | 900,000 | 901,094 | |
Trimble County Envirl Facilities Re Bonds Series 2023, 4.7%, tender 6/1/27 (b)(c) | 4,740,000 | 4,775,844 | |
TOTAL KENTUCKY | 7,897,848 | ||
Louisiana - 0.2% | |||
New Orleans Aviation Board Rev. (North Term. Proj.) Series 2015 B, 5% 1/1/25 (c) | 2,000,000 | 2,012,110 | |
St. John Baptist Parish Rev. Bonds (Marathon Oil Corp.) Series 2017, 4.05%, tender 7/1/26 (b) | 1,040,000 | 1,041,683 | |
TOTAL LOUISIANA | 3,053,793 | ||
Maryland - 0.3% | |||
Maryland Cmnty. Dev. Admin Dept. Hsg. & Cmnty. Dev. Series 2023 D, 3.5% 1/1/26 | 2,760,000 | 2,753,440 | |
Maryland Dept. of Trans. Series 2022 A, 5% 12/1/24 | 200,000 | 201,333 | |
Maryland Health & Higher Edl. Bonds Series 2020, 5%, tender 7/1/25 (b) | 1,005,000 | 1,011,854 | |
Maryland Stadium Auth. Built to Learn Rev. Series 2022 A, 5% 6/1/25 | 330,000 | 335,007 | |
TOTAL MARYLAND | 4,301,634 | ||
Massachusetts - 1.0% | |||
Massachusetts Dev. Fin. Agcy. Rev.: | |||
Series 2016 I, 5% 7/1/25 | 420,000 | 426,328 | |
Series 2021 I, 5% 10/1/24 | 330,000 | 330,769 | |
Massachusetts Edl. Fing. Auth. Rev.: | |||
Series 2014 I, 5% 1/1/25 (c) | 1,240,000 | 1,247,629 | |
Series 2017 A, 5% 7/1/25 (c) | 3,540,000 | 3,594,729 | |
Series 2018 B, 5% 7/1/25 (c) | 2,010,000 | 2,041,075 | |
Series 2019 B, 5% 7/1/25 (c) | 365,000 | 370,643 | |
Series 2022 B, 5% 7/1/25 (c) | 1,120,000 | 1,137,316 | |
Massachusetts School Bldg. Auth. Dedicated Sales Tax Rev. Series 2015 C, 5% 8/15/27 | 1,680,000 | 1,711,636 | |
Massachusetts State College Bldg. Auth. Rev. Series 1999, 0% 5/1/26 (Escrowed to Maturity) | 3,385,000 | 3,194,734 | |
TOTAL MASSACHUSETTS | 14,054,859 | ||
Michigan - 1.7% | |||
Detroit Gen. Oblig. Series 2024: | |||
5% 5/1/25 | 1,295,000 | 1,311,786 | |
5% 5/1/26 | 1,180,000 | 1,214,730 | |
5% 5/1/27 | 1,240,000 | 1,296,205 | |
5% 5/1/28 | 675,000 | 715,645 | |
Grand Rapids Pub. Schools Series 2024: | |||
5% 5/1/25 (Assured Guaranty Muni. Corp. Insured) | 1,065,000 | 1,079,405 | |
5% 5/1/26 (Assured Guaranty Muni. Corp. Insured) | 1,000,000 | 1,032,118 | |
Michigan Fin. Auth. Rev.: | |||
(Detroit Reg'l. Convention Facility Auth. Local Proj.) Series 2014 H1, 5% 10/1/24 | 310,000 | 310,436 | |
Series 2015 D1, 0.55% 10/15/24 | 620,000 | 616,134 | |
Series 2022: | |||
5% 4/15/25 | 1,085,000 | 1,099,167 | |
5% 4/15/26 | 1,725,000 | 1,781,011 | |
Michigan Hsg. Dev. Auth. Single Family Mtg. Rev. Series 2022 A, 2.5% 6/1/25 | 445,000 | 438,565 | |
Oakland Univ. Rev.: | |||
Series 2022 A, 5% 3/1/25 | 75,000 | 75,773 | |
Series 2022 B, 5% 3/1/25 | 430,000 | 434,432 | |
Southfield Pub. Schools Series 2023: | |||
5% 5/1/25 | 730,000 | 740,255 | |
5% 5/1/26 | 850,000 | 878,623 | |
Utica Cmnty. Schools Series 2024: | |||
5% 5/1/25 | 805,000 | 817,150 | |
5% 5/1/26 | 3,000,000 | 3,108,305 | |
5% 5/1/27 | 1,500,000 | 1,579,629 | |
5% 5/1/28 | 3,625,000 | 3,894,756 | |
Wayne County Arpt. Auth. Rev.: | |||
Series 2015 F, 5% 12/1/26 (c) | 325,000 | 330,101 | |
Series 2017 E, 4% 12/1/25 (c)(e) | 630,000 | 634,639 | |
TOTAL MICHIGAN | 23,388,865 | ||
Minnesota - 0.5% | |||
Coon Rapids Minn Series 2016 A, 2% 4/1/27 | 1,000,000 | 958,657 | |
Minneapolis & Saint Paul Metropolitan Arpts. Commission Arpt. Rev. Series 2022 B: | |||
5% 1/1/25 (c) | 500,000 | 502,820 | |
5% 1/1/26 (c) | 330,000 | 336,666 | |
Minneapolis Rev. (YMCA of the Greater Twin Cities Proj.) Series 2016, 3% 6/1/25 | 405,000 | 402,372 | |
Minnesota Hsg. Fin. Agcy.: | |||
Series 2022 A, 5% 8/1/24 | 330,000 | 330,000 | |
Series 2022 B: | |||
5% 8/1/24 | 420,000 | 420,000 | |
5% 8/1/25 | 625,000 | 636,653 | |
5% 8/1/26 | 620,000 | 643,356 | |
Northern Muni. Pwr. Agcy. Elec. Sys. Rev.: | |||
Series 2023: | |||
5% 1/1/25 | 120,000 | 120,871 | |
5% 1/1/26 | 135,000 | 138,367 | |
5% 1/1/27 | 210,000 | 218,668 | |
Series 2024, 5% 1/1/28 | 1,000,000 | 1,059,336 | |
Wadena Minn Rev. (Wadena Cancer Ctr. Proj.) Series 2024 A: | |||
5% 12/1/26 | 200,000 | 207,687 | |
5% 12/1/27 | 260,000 | 274,387 | |
TOTAL MINNESOTA | 6,249,840 | ||
Missouri - 0.1% | |||
Kansas City Planned Indl. Expansion Bonds Series 2023, 5%, tender 7/1/27 (b) | 877,000 | 908,537 | |
Nebraska - 0.1% | |||
Central Plains Energy Proj. Rev. Bonds Series 2019, 2.5%, tender 8/1/25 (b) | 1,280,000 | 1,259,027 | |
Nebraska Pub. Pwr. District Rev. Series 2017 B, 5% 1/1/25 | 235,000 | 236,894 | |
TOTAL NEBRASKA | 1,495,921 | ||
Nevada - 0.3% | |||
Clark County Poll. Cont. Rev. Bonds (Nevada Pwr. Co. Proj.) Series 2017, 3.75%, tender 3/31/26 (b) | 525,000 | 523,073 | |
Clark County School District: | |||
Series 2015 C, 5% 6/15/27 | 655,000 | 671,276 | |
Series 2020 A, 3% 6/15/25 | 180,000 | 179,613 | |
Series 2021 C, 5% 6/15/25 | 1,780,000 | 1,810,716 | |
Nevada Dept. of Bus. & Industry Bonds (Republic Svcs., Inc. Proj.) Series 2001, 4.15%, tender 12/2/24 (b)(c)(e) | 1,100,000 | 1,102,220 | |
TOTAL NEVADA | 4,286,898 | ||
New Hampshire - 0.9% | |||
Nat'l. Fin. Auth. Solid Bonds (Waste Mgmt., Inc. Proj.) Series 2019 A2, 4.25%, tender 7/1/27 (b)(c) | 10,800,000 | 10,812,959 | |
New Hampshire Health & Ed. Facilities Auth. Series 2023 B, 5.5% 11/1/26 (c) | 110,000 | 114,161 | |
New Hampshire St Hsg. Fin.: | |||
Series 2023 3: | |||
3.8% 7/1/26 | 390,000 | 393,873 | |
3.85% 1/1/27 | 620,000 | 626,593 | |
Series 2023 4: | |||
3.625% 4/1/26 | 210,000 | 211,659 | |
3.7% 1/1/27 | 675,000 | 680,313 | |
TOTAL NEW HAMPSHIRE | 12,839,558 | ||
New Jersey - 3.2% | |||
Camden County Improvment Auth. Mult-Family Hsg. Bonds (Northgate I Apts. Proj.) Series 2024, 5%, tender 3/1/26 (b) | 3,450,000 | 3,534,606 | |
Harrison Township Series 2023, 5% 11/27/24 | 1,657,000 | 1,665,480 | |
Millburn Township Board of Ed. Series 2023, 0.05% 8/15/25 | 420,000 | 404,552 | |
New Jersey Econ. Dev. Auth.: | |||
Series 2022 A: | |||
5% 11/1/24 | 300,000 | 301,328 | |
5% 11/1/25 | 365,000 | 373,606 | |
Series 2023 RRR: | |||
5% 3/1/25 | 2,570,000 | 2,597,261 | |
5% 3/1/26 | 2,005,000 | 2,064,611 | |
Series 2024 SSS, 5% 6/15/26 | 1,320,000 | 1,366,629 | |
New Jersey Econ. Dev. Auth. Rev. Series 2019: | |||
5.25% 9/1/24 (e) | 4,630,000 | 4,637,675 | |
5.25% 9/1/26 (e) | 1,060,000 | 1,107,043 | |
New Jersey Gen. Oblig.: | |||
Series 2020 A, 5% 6/1/25 | 1,715,000 | 1,743,581 | |
Series 2021, 2% 6/1/25 | 580,000 | 571,220 | |
New Jersey Health Care Facilities Fing. Auth. Rev.: | |||
(Greystone Park Psychiatric Hosp. Proj.) Series 2024: | |||
5% 9/15/25 | 2,605,000 | 2,657,714 | |
5% 9/15/27 | 575,000 | 604,516 | |
(Marlboro Psychiatric Hosp. Proj.) Series 2024, 5% 9/15/25 | 590,000 | 601,873 | |
New Jersey Higher Ed. Student Assistance Auth. Student Ln. Rev.: | |||
Series 2016 1A, 5% 12/1/24 (c) | 1,605,000 | 1,613,720 | |
Series 2017 1A: | |||
5% 12/1/24 (c) | 545,000 | 548,052 | |
5% 12/1/25 (c) | 1,045,000 | 1,065,829 | |
Series 2018 B, 5% 12/1/26 (c) | 365,000 | 375,544 | |
Series 2019 A, 5% 12/1/24 | 200,000 | 201,100 | |
Series 2020, 5% 12/1/24 (c) | 400,000 | 402,173 | |
Series 2021 A, 5% 12/1/24 (c) | 120,000 | 120,652 | |
Series 2022 A: | |||
5% 12/1/24 (c) | 155,000 | 155,842 | |
5% 12/1/25 (c) | 200,000 | 203,986 | |
Series 2022 B: | |||
5% 12/1/24 (c) | 645,000 | 647,988 | |
5% 12/1/25 (c) | 955,000 | 974,035 | |
Series 2024 B: | |||
5% 12/1/27 (c) | 3,085,000 | 3,207,117 | |
5% 12/1/27 (c) | 1,125,000 | 1,169,532 | |
New Jersey Tobacco Settlement Fing. Corp. Series 2018 A: | |||
5% 6/1/25 | 910,000 | 921,364 | |
5% 6/1/27 | 1,120,000 | 1,164,582 | |
New Jersey Tpk. Auth. Tpk. Rev. Series 2024, 5% 1/1/27 | 6,000,000 | 6,292,987 | |
New Jersey Trans. Trust Fund Auth.: | |||
Series 2006 C, 0% 12/15/24 | 60,000 | 59,252 | |
Series 2008 A, 0% 12/15/25 | 890,000 | 849,750 | |
Series 2010 A, 0% 12/15/25 | 385,000 | 367,589 | |
Series 2022 AA, 5% 6/15/25 | 155,000 | 157,488 | |
TOTAL NEW JERSEY | 44,730,277 | ||
New Mexico - 0.2% | |||
New Mexico Edl. Assistance Foundation Series 2021 1A: | |||
5% 9/1/25 (c) | 2,080,000 | 2,112,250 | |
5% 9/1/27 (c) | 80,000 | 82,936 | |
TOTAL NEW MEXICO | 2,195,186 | ||
New York - 2.7% | |||
East Hampton Union Free School District Series 2017, 2.1% 6/1/27 | 735,000 | 692,904 | |
Long Island Pwr. Auth. Elec. Sys. Rev.: | |||
Bonds Series 2019 B, 1.65%, tender 9/1/24 (b) | 1,075,000 | 1,072,655 | |
Series 2021, 1% 9/1/25 | 800,000 | 771,937 | |
Monroe County Indl. Dev. Agcy. Bonds (Andrews Terrace Cmnty. Partners, L.P. Proj.) Series 2023 B1, 5%, tender 7/1/27 (b) | 593,000 | 618,525 | |
New York City Gen. Oblig. Bonds Series 2015 F4, 5%, tender 12/1/25 (f) | 330,000 | 334,235 | |
New York City Hsg. Dev. Corp. Multifamily Hsg. Bonds Series 2021 K2, 0.9%, tender 1/1/26 (b) | 455,000 | 432,352 | |
New York City Indl. Dev. Agcy. Rev. Series 2021 A, 5% 1/1/26 (Assured Guaranty Muni. Corp. Insured) | 220,000 | 225,740 | |
New York City Transitional Fin. Auth. Rev. Series 2015 C, 5% 11/1/27 | 1,095,000 | 1,109,900 | |
New York Metropolitan Trans. Auth. Rev.: | |||
Bonds Series 2019 A1, 5%, tender 11/15/24 (b) | 8,655,000 | 8,686,205 | |
Series 2015 C1, 5% 11/15/26 | 5,400,000 | 5,507,244 | |
Series 2017 B, 5% 11/15/26 | 730,000 | 759,706 | |
Series 2017 C1, 5% 11/15/25 | 380,000 | 388,870 | |
New York State Hsg. Fin. Agcy. Rev. Bonds: | |||
Series 2023 E2, 3.8%, tender 5/1/27 (b) | 675,000 | 677,717 | |
Series 2024 A, 3.375%, tender 11/1/27 (b) | 6,430,000 | 6,436,476 | |
New York Thruway Auth. Gen. Rev. Series 2016 A, 5% 1/1/28 | 1,375,000 | 1,405,612 | |
New York Trans. Dev. Corp.: | |||
(Term. 4 JFK Int'l. Arpt. Proj.): | |||
Series 2020 A, 5% 12/1/25 (c) | 1,080,000 | 1,097,395 | |
Series 2020 C, 5% 12/1/24 | 365,000 | 366,810 | |
(Term. 4 John F. Kennedy Int'l. Arpt. Proj.) Series 2022, 5% 12/1/26 (c) | 1,825,000 | 1,877,622 | |
St. Lawrence County Indl. Dev. (St. Lawrence Univ. Proj.) Series 2022: | |||
5% 7/1/25 | 150,000 | 152,328 | |
5% 7/1/26 | 145,000 | 149,676 | |
Tobacco Settlement Asset Securitization Corp. Series 2017 A, 5% 6/1/25 | 1,135,000 | 1,147,194 | |
Triborough Bridge & Tunnel Auth. Bonds: | |||
Series 2021 A2, 2%, tender 5/15/26 (b) | 365,000 | 351,648 | |
Series 2024 B3, 5%, tender 11/15/25 (b) | 3,730,000 | 3,820,357 | |
TOTAL NEW YORK | 38,083,108 | ||
New York And New Jersey - 1.0% | |||
Port Auth. of New York & New Jersey: | |||
Series 2013, 5% 7/15/25 (c) | 370,000 | 370,469 | |
Series 2014 186, 5% 10/15/26 (c) | 1,905,000 | 1,909,432 | |
Series 2016 195, 5% 10/1/25 (c) | 705,000 | 719,426 | |
Series 2018, 5% 9/15/25 (c) | 2,670,000 | 2,722,546 | |
Series 2020 221, 5% 7/15/25 (c) | 730,000 | 742,159 | |
Series 2021 226, 5% 10/15/25 (c) | 2,260,000 | 2,307,803 | |
Series 2023 242: | |||
5% 12/1/24 (c) | 465,000 | 467,598 | |
5% 12/1/25 (c) | 1,535,000 | 1,570,973 | |
5% 12/1/26 (c) | 3,155,000 | 3,278,358 | |
Series 223, 5% 7/15/25 (c) | 190,000 | 193,165 | |
TOTAL NEW YORK AND NEW JERSEY | 14,281,929 | ||
North Carolina - 0.4% | |||
Charlotte-Mecklenburg Hosp. Auth. Health Care Sys. Rev. Bonds: | |||
Series 2018 C, 3.45%, tender 10/31/25 (b) | 1,965,000 | 1,968,103 | |
Series 2021 B, 5%, tender 12/2/24 (b) | 920,000 | 924,919 | |
Series 2023 D, 3.625%, tender 6/15/27 (b) | 1,635,000 | 1,629,177 | |
North Carolina Med. Care Commission Hosp. Rev. Bonds Series 2021 B, 5%, tender 2/1/26 (b) | 1,450,000 | 1,484,181 | |
TOTAL NORTH CAROLINA | 6,006,380 | ||
Ohio - 1.4% | |||
American Muni. Pwr., Inc. Rev. Series 2023 A: | |||
5% 2/15/25 | 320,000 | 323,442 | |
5% 2/15/26 | 1,795,000 | 1,850,290 | |
5% 2/15/27 | 2,820,000 | 2,960,696 | |
Columbus-Franklin County Fin. Auth. Bonds (Dering Family Homes Proj.) Series 2023, 5%, tender 2/1/27 (b) | 765,000 | 790,041 | |
Hamilton County Swr. Sys. Rev. Series 2024 B: | |||
5% 12/1/24 (d) | 1,550,000 | 1,556,694 | |
5% 12/1/25 (d) | 700,000 | 715,809 | |
5% 12/1/26 (d) | 700,000 | 731,236 | |
5% 12/1/27 (d) | 465,000 | 495,173 | |
Lancaster Port Auth. Gas Rev. Bonds Series 2019, 5%, tender 2/1/25 (b) | 740,000 | 744,758 | |
Montgomery County Hosp. Rev. (Kettering Health Network Obligated Group Proj.) Series 2021, 5% 8/1/24 | 75,000 | 75,000 | |
Northeast Ohio Med. Univ. Series 2022: | |||
5% 12/1/24 (Build America Mutual Assurance Insured) | 90,000 | 90,491 | |
5% 12/1/25 (Build America Mutual Assurance Insured) | 95,000 | 96,777 | |
Ohio Higher Edl. Facility Commission Rev.: | |||
(Xavier Univ. 2020 Proj.) Series 2020, 5% 5/1/26 | 400,000 | 413,539 | |
Bonds (Case Western Reserve Univ. Proj.) Series 2019 C, 1.625%, tender 12/1/26 (b) | 420,000 | 398,577 | |
Ohio Hsg. Fin. Agcy. Residential Mtg. Rev. (Mtg.-Backed Securities Prog.) Series 2024 A: | |||
5% 3/1/25 | 455,000 | 460,277 | |
5% 9/1/25 | 415,000 | 423,606 | |
5% 3/1/26 | 125,000 | 128,692 | |
5% 9/1/26 | 120,000 | 124,320 | |
5% 3/1/27 | 75,000 | 78,165 | |
5% 9/1/27 | 100,000 | 104,886 | |
5% 3/1/28 | 150,000 | 158,171 | |
Ohio Solid Waste Rev. Bonds (Republic Svcs., Inc. Proj.) Series 2010, 3.9%, tender 9/3/24 (b) | 5,850,000 | 5,853,783 | |
Ohio Tpk. Commission Tpk. Rev. (Infrastructure Projs.) Series 2022 A, 5% 2/15/25 | 670,000 | 677,071 | |
TOTAL OHIO | 19,251,494 | ||
Oklahoma - 0.7% | |||
Oklahoma County Fin. Auth. Edl. Facilities (Midwest City-Del City Pub. Schools Proj.) Series 2024: | |||
5% 10/1/24 | 330,000 | 330,909 | |
5% 10/1/25 | 175,000 | 178,601 | |
5% 10/1/26 | 125,000 | 129,766 | |
5% 10/1/27 | 145,000 | 153,076 | |
Oklahoma County Independent School District #89 Oklahoma City Series 2023 A, 3% 7/1/26 | 4,095,000 | 4,078,588 | |
Oklahoma St Inds. Auth. Edl. Facilities (Oklahoma City Pub. Schools Proj.) Series 2024: | |||
5% 4/1/27 | 3,770,000 | 3,953,119 | |
5% 4/1/28 | 875,000 | 933,089 | |
TOTAL OKLAHOMA | 9,757,148 | ||
Oregon - 0.1% | |||
Port of Portland Arpt. Rev.: | |||
Series 2020 26B, 5% 7/1/26 | 470,000 | 483,445 | |
Series 2022, 5% 7/1/25 (c) | 1,125,000 | 1,140,318 | |
Series 24B, 5% 7/1/25 (c) | 365,000 | 369,970 | |
TOTAL OREGON | 1,993,733 | ||
Pennsylvania - 4.8% | |||
Allegheny County Arpt. Auth. Rev.: | |||
Series 2021 A, 5% 1/1/27 (c) | 375,000 | 386,831 | |
Series 2023 A, 5% 1/1/27 (Assured Guaranty Muni. Corp. Insured) (c) | 310,000 | 320,143 | |
Geisinger Auth. Health Sys. Rev. Bonds Series 2020 B, 5%, tender 2/15/27 (b) | 2,280,000 | 2,358,978 | |
Pennsylvania Econ. Dev. Fing. Auth.: | |||
Series 2021 A, 4% 10/15/24 | 310,000 | 310,495 | |
Series 2022 A: | |||
5% 2/15/25 | 60,000 | 60,587 | |
5% 2/15/26 | 75,000 | 77,162 | |
Pennsylvania Econ. Dev. Fing. Auth. Solid Waste Disp. Rev. Bonds: | |||
(Republic Svcs., Inc. Proj.): | |||
Series 2019 A, 4.1%, tender 10/15/24 (b)(c) | 3,200,000 | 3,201,271 | |
Series 2019 B1, 4.1%, tender 10/15/24 (b)(c) | 3,600,000 | 3,601,430 | |
(Republic Svcs., Inc. Proj.): | |||
Series 2014, 3.95%, tender 10/1/24 (b)(c) | 16,100,000 | 16,110,763 | |
Series 2019 B2, 4.15%, tender 1/15/25 (b)(c) | 3,050,000 | 3,052,570 | |
(Waste Mgmt., Inc. Proj.): | |||
Series 2010 B, 3.6%, tender 10/1/24 (b) | 3,500,000 | 3,502,658 | |
Series 2017 A, 0.58%, tender 8/1/24 (b)(c) | 800,000 | 797,140 | |
Series 2021 A2, 4.6%, tender 10/1/26 (b)(c) | 9,115,000 | 9,248,691 | |
Series 2011, 4.25%, tender 7/1/27 (b)(c) | 4,200,000 | 4,205,580 | |
Pennsylvania Gen. Oblig.: | |||
Series 2019, 5% 7/15/26 | 1,150,000 | 1,197,015 | |
Series 2023: | |||
5% 9/1/26 | 4,640,000 | 4,838,476 | |
5% 9/1/27 | 10,670,000 | 11,355,520 | |
Pennsylvania Hsg. Fin. Agcy.: | |||
Series 2021 135 B, 5% 4/1/25 (c) | 140,000 | 140,960 | |
Series 2022 138: | |||
5% 10/1/24 | 720,000 | 722,291 | |
5% 10/1/25 | 400,000 | 407,550 | |
Philadelphia Arpt. Rev. Series 2021, 5% 7/1/26 (c) | 365,000 | 376,083 | |
TOTAL PENNSYLVANIA | 66,272,194 | ||
Rhode Island - 0.1% | |||
Rhode Island Health and Edl. Bldg. Corp. Higher Ed. Facility Rev. Series 2024: | |||
5% 6/1/25 | 200,000 | 202,998 | |
5% 6/1/26 | 350,000 | 361,726 | |
5% 6/1/27 | 260,000 | 273,963 | |
Rhode Island Student Ln. Auth. Student Ln. Rev. Series 2018 A, 5% 12/1/25 (c) | 320,000 | 325,666 | |
TOTAL RHODE ISLAND | 1,164,353 | ||
South Carolina - 0.3% | |||
South Carolina Ports Auth. Ports Rev.: | |||
Series 2015 (AMT), 5% 7/1/45 (Pre-Refunded to 7/1/25 @ 100) (c) | 950,000 | 963,919 | |
Series 2015: | |||
5.25% 7/1/50 (Pre-Refunded to 7/1/25 @ 100) (c) | 1,650,000 | 1,677,865 | |
5.25% 7/1/55 (Pre-Refunded to 7/1/25 @ 100) (c) | 790,000 | 803,342 | |
TOTAL SOUTH CAROLINA | 3,445,126 | ||
South Dakota - 0.2% | |||
South Dakota Hsg. Dev. Auth. Bonds Series 2023 J, 3.875%, tender 12/12/24 (b) | 2,675,000 | 2,676,246 | |
Tennessee - 0.7% | |||
Memphis-Shelby County Arpt. Auth. Arpt. Rev. Series 2021 C, 1.875% 7/1/25 (c) | 455,000 | 443,439 | |
Metropolitan Gov Nashvle&David Ind. Bonds (Waste Mgmt., Inc. Proj.) Series 2001, 0.58%, tender 8/1/24 (b)(c) | 330,000 | 328,820 | |
Metropolitan Nashville Arpt. Auth. Rev. Series 2022 B: | |||
5% 7/1/26 (c) | 245,000 | 252,210 | |
5% 7/1/27 (c) | 975,000 | 1,013,353 | |
Tennergy Corp. Gas Rev. Bonds Series 2019 A, 5%, tender 10/1/24 (b) | 7,750,000 | 7,773,359 | |
TOTAL TENNESSEE | 9,811,181 | ||
Texas - 7.3% | |||
Alvin Independent School District Series 2024: | |||
5% 2/15/25 | 1,500,000 | 1,515,123 | |
5% 2/15/26 | 1,175,000 | 1,210,911 | |
Austin Arpt. Sys. Rev.: | |||
Series 2019, 5% 11/15/24 (c) | 1,500,000 | 1,505,961 | |
Series 2022, 5% 11/15/25 (c) | 695,000 | 708,172 | |
Bexar County Gen. Oblig. Series 2014, 5% 6/15/25 | 670,000 | 671,269 | |
Boerne Independent School District Bonds Series 2023, 3.125%, tender 2/1/27 (b) | 5,735,000 | 5,692,580 | |
Cap. Area Hsg. Fin. Corp. Multi-family Hsg. Rev. Bonds Series 2021, 3.48%, tender 6/1/25 (b) | 2,200,000 | 2,199,984 | |
Clear Creek Independent School District Bonds Series 2013 B, 3.6%, tender 8/15/25 (b) | 530,000 | 531,729 | |
Crandall Independent School District Series 2021 A, 0% 8/15/24 | 280,000 | 279,628 | |
Cuero Independent School District Series 2017, 5% 8/15/26 | 715,000 | 743,370 | |
Dallas Gen. Oblig.: | |||
Series 2023 A, 5% 2/15/25 | 1,355,000 | 1,369,388 | |
Series 2023, 5% 2/15/25 | 2,015,000 | 2,036,396 | |
Series 2024 A: | |||
5% 2/15/25 | 5,450,000 | 5,507,871 | |
5% 2/15/26 | 5,450,000 | 5,619,892 | |
5% 2/15/27 | 5,450,000 | 5,726,157 | |
Dallas Hsg. Fin. Corp. Multi-family Hsg. Rev. Bonds Series 2023: | |||
5%, tender 12/1/25 (b) | 857,000 | 874,954 | |
5%, tender 3/1/26 (b) | 1,069,000 | 1,087,582 | |
5%, tender 7/1/27 (b) | 1,138,000 | 1,179,994 | |
Hays Consolidated Independent School District Series 2022: | |||
5% 2/15/25 | 180,000 | 181,863 | |
5% 2/15/26 | 255,000 | 262,755 | |
Houston Convention and Entertainment Facilities Dept. Hotel Occupancy Tax and Spl. Rev. Series 2014, 5% 9/1/26 | 545,000 | 545,674 | |
Houston Hsg. Fin. Corp. Multi-family Hsg. Rev. Bonds: | |||
Series 2023, 5%, tender 8/1/26 (b) | 620,000 | 634,714 | |
Series 2024, 3.65%, tender 2/1/28 (b) | 3,325,000 | 3,342,807 | |
Houston Independent School District Bonds: | |||
Series 2014 A2, 3.5%, tender 6/1/25 (b) | 3,510,000 | 3,502,066 | |
Series 2023 C, 4%, tender 6/1/25 (b) | 2,930,000 | 2,935,270 | |
Houston Util. Sys. Rev. Series 2024 A, 5% 11/15/25 | 5,000,000 | 5,127,514 | |
Lower Colorado River Auth. Rev. (LCRA Transmission Svcs. Corp. Proj.) Series 2020, 5% 5/15/25 | 210,000 | 213,032 | |
Mission Econ. Dev. Corp. Solid Waste Disp. Rev. Bonds: | |||
(Republic Svcs., Inc. Proj.): | |||
Series 2008 A, 4.05%, tender 8/1/24 (b)(c) | 3,350,000 | 3,350,000 | |
Series 2020 A, 4.05%, tender 8/1/24 (b)(c) | 6,000,000 | 6,000,000 | |
(Waste Mgmt., INC. Proj.) Series 2023 A, 4.25%, tender 7/1/27 (b)(c) | 2,550,000 | 2,553,060 | |
North East Texas Independent School District Series 2015, 3% 8/1/27 | 625,000 | 620,714 | |
North Texas Tollway Auth. Rev. Series 2021 B, 5% 1/1/26 | 420,000 | 432,091 | |
Northside Independent School District Bonds: | |||
Series 2023 B, 3%, tender 8/1/26 (b) | 3,460,000 | 3,428,099 | |
Series 2024 B, 3.45%, tender 8/1/27 (b) | 4,735,000 | 4,764,576 | |
Port Arthur Independent School District Series 2015 A, 5% 2/15/25 | 225,000 | 227,401 | |
Prosper Independent School District Bonds Series 2019 B, 4%, tender 8/15/26 (b) | 605,000 | 610,194 | |
San Antonio Elec. & Gas Sys. Rev.: | |||
Bonds: | |||
Series 2018, SIFMA Municipal Swap Index + 0.870% 4.48%, tender 12/1/25 (b)(g) | 3,090,000 | 3,086,189 | |
Series 2023, 3.65%, tender 12/1/26 (b) | 500,000 | 500,822 | |
Series 2022, 5% 2/1/26 | 330,000 | 339,487 | |
San Antonio Tex Hsg. Trust Pub. Facilities Bonds Series 2024, 3.45%, tender 7/1/27 (b) | 3,840,000 | 3,842,530 | |
Smha Fin. Pub. Facilities Corp. Tex Mult Bonds Series 2024, 3.7%, tender 7/1/27 (b) | 5,305,000 | 5,345,004 | |
Tarrant County Cultural Ed. Facilities Fin. Corp. Hosp. Rev. Bonds (Baylor Scott & White Health Proj.) Series 2022 E, 5%, tender 5/15/26 (b) | 2,545,000 | 2,614,230 | |
Texas Affordable Hsg. Corp. Multi-family Hsg. Rev. Bonds Series 2023, 3.625%, tender 1/1/27 (b) | 785,000 | 788,471 | |
Texas Gen. Oblig.: | |||
Series 2016: | |||
5.5% 8/1/25 (c) | 1,445,000 | 1,474,716 | |
5.5% 8/1/26 (c) | 370,000 | 385,898 | |
Series 2018, 5% 8/1/25 (c) | 2,000,000 | 2,031,377 | |
Texas Muni. Gas Acquisition & Supply Corp.: | |||
Series 2023 A: | |||
5.25% 1/1/25 | 320,000 | 321,832 | |
5.25% 1/1/26 | 365,000 | 371,613 | |
5.25% 1/1/27 | 465,000 | 478,786 | |
Series 2023 B: | |||
5.25% 1/1/25 | 220,000 | 221,259 | |
5.25% 1/1/26 | 440,000 | 447,972 | |
Travis County Hsg. Fin. Corp. Bonds Series 2023, 3.75%, tender 8/1/25 (b) | 180,000 | 180,452 | |
Wylie Independent School District Series 2020 A, 0% 8/15/25 | 2,240,000 | 2,161,641 | |
TOTAL TEXAS | 101,785,070 | ||
Utah - 0.3% | |||
Salt Lake City Arpt. Rev.: | |||
Series 2021 A, 5% 7/1/25 (c) | 485,000 | 491,648 | |
Series 2023 A: | |||
5% 7/1/25 (c) | 360,000 | 364,934 | |
5% 7/1/26 (c) | 365,000 | 375,741 | |
5% 7/1/27 (c) | 345,000 | 358,765 | |
Utah County Hosp. Rev. Bonds Series 2020 B2, 5%, tender 8/1/26 (b) | 900,000 | 927,652 | |
Utah Hsg. Corp. Multi-family Hsg. Rev. Bonds Series 2024, 3.7%, tender 8/1/27 (b) | 1,765,000 | 1,774,782 | |
TOTAL UTAH | 4,293,522 | ||
Vermont - 0.1% | |||
Vermont Student Assistant Corp. Ed. Ln. Rev. Series 2016 A, 5% 6/15/26 (c) | 620,000 | 633,546 | |
Virginia - 0.4% | |||
Halifax County Indl. Dev. Auth. Bonds (Virgina Elec. and Pwr. Co. Proj.) Series 2010 A, 3.8%, tender 5/28/27 (b) | 1,020,000 | 1,032,583 | |
Southampton County Indl. Bonds (PRTA-Virginia One, LLC Proj.) Series 2023, 4.875%, tender 12/12/24 (b)(c) | 4,660,000 | 4,660,484 | |
TOTAL VIRGINIA | 5,693,067 | ||
Washington - 1.0% | |||
King County Swr. Rev. Bonds Series 2020 B, 0.875%, tender 1/1/26 (b) | 1,965,000 | 1,893,798 | |
Port of Seattle Rev.: | |||
Series 2016 B, 5% 10/1/27 (c) | 365,000 | 373,690 | |
Series 2018 A, 5% 5/1/27 (c) | 1,500,000 | 1,558,238 | |
Series 2018 B, 5% 5/1/26 (c) | 3,225,000 | 3,308,839 | |
Series 2019, 5% 4/1/25 (c) | 420,000 | 423,993 | |
Series 2021 C, 5% 8/1/24 (c) | 1,705,000 | 1,705,000 | |
Series 2021, 5% 9/1/24 (c) | 810,000 | 810,969 | |
Series 2022 B: | |||
5% 8/1/24 (c) | 975,000 | 975,000 | |
5% 8/1/25 (c) | 915,000 | 928,472 | |
5% 8/1/26 (c) | 575,000 | 591,619 | |
Seattle Hsg. Auth. Rev. (Juniper Apts. Proj.) Series 2023, 5% 6/1/27 | 440,000 | 452,662 | |
Washington Hsg. Fin. Commission Multi-family Hsg. Rev. Bonds (Ardea At Totem Lake Apts. Proj.) Series 2023, 5%, tender 2/1/27 (b) | 808,000 | 830,787 | |
TOTAL WASHINGTON | 13,853,067 | ||
West Virginia - 0.3% | |||
West Virginia Econ. Dev. Auth. Solid Waste Disp. Facilities Rev. Bonds (Allegheny Metallurgical Proj.) Series 2023, 4.75%, tender 8/1/24 (b)(c) | 4,015,000 | 4,015,000 | |
Wisconsin - 0.6% | |||
Milwaukee County Arpt. Rev.: | |||
Series 2023 A: | |||
5% 12/1/24 (c) | 85,000 | 85,407 | |
5% 12/1/26 (c) | 290,000 | 299,732 | |
Series 2023 B, 5% 12/1/24 (c) | 600,000 | 602,871 | |
Milwaukee Gen. Oblig. Series 2016, 2% 3/1/27 | 1,125,000 | 1,063,333 | |
Pub. Fin. Auth. Health Care Sys. Rev. Series 2023 A, 5% 10/1/24 | 1,620,000 | 1,624,789 | |
Wisconsin Health & Edl. Facilities Auth. Rev.: | |||
(Forensic Science and Protective Medicine Collaboration, Inc. Proj.) Series 2024, 5% 8/1/27 (e) | 2,445,000 | 2,498,180 | |
Series 2022: | |||
5% 10/1/24 | 1,630,000 | 1,634,213 | |
5% 10/1/25 | 335,000 | 341,507 | |
Wisconsin Hsg. & Econ. Dev. Auth. Hsg. Rev. Bonds Series 2023 E, 3.875%, tender 5/1/27 (b) | 690,000 | 693,512 | |
TOTAL WISCONSIN | 8,843,544 | ||
TOTAL MUNICIPAL BONDS (Cost $734,687,026) | 735,851,567 | ||
Municipal Notes - 46.1% | |||
Principal Amount (a) | Value ($) | ||
Alabama - 5.0% | |||
Black Belt Energy Gas District Participating VRDN: | |||
Series XF 30 73, 3.91% 8/7/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(h)(i) | 7,185,000 | 7,185,000 | |
Series XM 11 10, 3.91% 8/7/24 (Liquidity Facility Royal Bank of Canada) (b)(h)(i) | 3,200,000 | 3,200,000 | |
Series ZL 03 96, 3.91% 8/7/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(h)(i) | 1,605,000 | 1,605,000 | |
Series ZL 03 97, 3.91% 8/7/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(h)(i) | 1,635,000 | 1,635,000 | |
Decatur Indl. Dev. Board Exempt Facilities Rev. (Nucor Steel Decatur LLC Proj.) Series 2003 A, 4.02% 8/7/24, VRDN (b)(c) | 1,410,000 | 1,410,000 | |
Health Care Auth. for Baptist Health Series 2013 B, 5.03% 8/7/24, VRDN (b) | 1,678,000 | 1,678,000 | |
Southeast Energy Auth. Rev. Participating VRDN: | |||
Series XG 04 10, 3.91% 8/7/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(h)(i) | 21,400,000 | 21,400,000 | |
Series XM 10 62, 3.91% 8/7/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(h)(i) | 12,900,000 | 12,900,000 | |
Walker County Econ. & Indl. Dev. Auth. Solid Waste Disp. Rev. (Alabama Pwr. Co. Plant Gorgas Proj.): | |||
Series 2007, 4.35% 8/1/24, VRDN (b)(c) | 1,700,000 | 1,700,000 | |
Series 2023, 4.2% 8/1/24, VRDN (b)(c) | 16,200,000 | 16,200,000 | |
TOTAL ALABAMA | 68,913,000 | ||
Arizona - 3.5% | |||
Arizona St Indl. Dev. Auth. Multi Participating VRDN Series XF 31 74, 3.93% 8/7/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(h)(i) | 2,440,000 | 2,440,000 | |
Maricopa County Poll. Cont. Rev.: | |||
Series 2009 C, 3.85% 8/7/24, VRDN (b) | 30,550,000 | 30,549,993 | |
Series 2009 D, 3.85% 8/7/24, VRDN (b) | 14,930,000 | 14,930,000 | |
Mizuho Floater / Residual Trust V Participating VRDN Series Floater 91 57, 3.93% 9/4/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(h)(i) | 1,094,031 | 1,094,031 | |
TOTAL ARIZONA | 49,014,024 | ||
Arkansas - 0.1% | |||
Blytheville Indl. Dev. Rev. (Nucor Corp. Proj.) Series 1998, 4.02% 8/7/24, VRDN (b)(c) | 900,000 | 900,000 | |
California - 5.8% | |||
California Cmnty. Choice Fing. Auth. Clean Energy Proj. Rev. Participating VRDN Series XF 30 07, 3.91% 8/7/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(h)(i) | 16,315,000 | 16,315,000 | |
California Hsg. Fin. Agcy. Ltd. Obl Participating VRDN Series XF 31 27, 3.93% 8/7/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(h)(i) | 1,010,000 | 1,010,000 | |
California Statewide Cmntys. Dev. Auth. Multi-family Hsg. Rev. Participating VRDN: | |||
Series MIZ 91 21, 4.3% 8/1/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(c)(h)(i) | 3,610,000 | 3,610,000 | |
Series MIZ 91 22, 4.3% 8/1/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(c)(h)(i) | 7,559,756 | 7,559,756 | |
Los Angeles Cmnty. Redev. Agcy. Multi-family Hsg. Rev. Participating VRDN: | |||
Series 2022 MIZ 90 89, 4.3% 8/1/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(c)(h)(i) | 18,695,000 | 18,695,000 | |
Series 2022 MIZ 90 90, 4.3% 8/1/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(c)(h)(i) | 14,095,000 | 14,095,000 | |
Mizuho Floater / Residual Trust V Participating VRDN: | |||
Series Floater MIZ 90 97, 3.93% 8/7/24, LOC Mizuho Cap. Markets LLC (b)(h)(i) | 1,059,387 | 1,059,387 | |
Series Floater MIZ 91 62, 3.93% 9/4/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(h)(i) | 660,000 | 660,000 | |
San Francisco City & County Arpts. Commission Int'l. Arpt. Rev. Participating VRDN Series 2022 XF 30 51, 3.91% 8/7/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(c)(h)(i) | 2,300,000 | 2,300,000 | |
San Francisco City & County Multi-family Hsg. Rev. Participating VRDN Series MIZ 91 15, 3.93% 9/4/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(h)(i)(j) | 14,585,000 | 14,585,000 | |
TOTAL CALIFORNIA | 79,889,143 | ||
Colorado - 0.6% | |||
Colorado Edl. & Cultural Facilities Auth. Rev. (Mesivta of Greater Los Angeles Proj.) Series 2005, 3.85% 8/7/24, LOC Deutsche Bank AG, VRDN (b) | 435,000 | 435,000 | |
Denver City & County Arpt. Rev. Participating VRDN Series Floaters XM 07 15, 3.91% 8/7/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(c)(h)(i) | 7,470,000 | 7,470,000 | |
TOTAL COLORADO | 7,905,000 | ||
Connecticut - 0.4% | |||
Colchester Gen. Oblig. BAN Series 2024, 4.5% 10/17/24 | 3,735,000 | 3,741,869 | |
West Haven Gen. Oblig. BAN Series 2024, 5% 2/13/25 (Build America Mutual Assurance Insured) | 2,000,000 | 2,017,917 | |
TOTAL CONNECTICUT | 5,759,786 | ||
Florida - 3.9% | |||
Florida Ins. Assistance Interlo Series 2023 A2, 4.43% 8/7/24 (Liquidity Facility Florida Gen. Oblig.), VRDN (b) | 19,160,000 | 19,160,000 | |
Greater Orlando Aviation Auth. Arpt. Facilities Rev. Participating VRDN Series XM 10 93, 4.4% 8/1/24 (Liquidity Facility JPMorgan Chase Bank) (b)(c)(h)(i) | 7,800,000 | 7,800,000 | |
Hillsborough County Aviation Auth. Rev. Participating VRDN Series XL 02 90, 3.76% 8/7/24 (Liquidity Facility Deutsche Bank AG New York Branch) (b)(c)(h)(i) | 13,190,000 | 13,190,000 | |
Lee Memorial Health Sys. Hosp. Rev. Series 2019 B, 4.2% 8/9/27, VRDN (b) | 7,255,000 | 7,255,000 | |
Miami Dade County Hsg. Multifamily Hsg. Rev. Participating VRDN Series Floater MIZ 90 87, 3.93% 9/4/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(h)(i)(j) | 585,000 | 585,000 | |
Miami-Dade County Aviation Rev. Participating VRDN Series 2022 025, 3.91% 9/11/24 (Liquidity Facility Barclays Bank PLC) (b)(c)(h)(i) | 4,845,000 | 4,845,000 | |
Miami-Dade County Expressway Auth. Participating VRDN Series 11 87 1X, 3.86% 8/7/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(h)(i) | 1,050,000 | 1,050,000 | |
TOTAL FLORIDA | 53,885,000 | ||
Georgia - 0.3% | |||
Buford Hsg. Auth. Multifamily Participating VRDN Series XF 31 18, 3.93% 8/7/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(h)(i) | 1,064,857 | 1,064,857 | |
Heard County Dev. Auth. Poll. Cont. Rev. Series 2007, 4.35% 8/1/24, VRDN (b)(c) | 3,800,000 | 3,800,000 | |
TOTAL GEORGIA | 4,864,857 | ||
Hawaii - 0.7% | |||
Hawaii Arpts. Sys. Rev. Participating VRDN Series XG 03 86, 3.91% 8/7/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(c)(h)(i) | 9,600,000 | 9,600,000 | |
Illinois - 1.2% | |||
Chicago O'Hare Int'l. Arpt. Rev. Participating VRDN Series XM 10 78, 3.79% 8/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(c)(h)(i) | 11,900,000 | 11,900,000 | |
Mizuho Floater / Residual Trust V Participating VRDN Series Floater MIZ 91 67, 3.93% 9/4/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(h)(i) | 5,055,000 | 5,055,000 | |
TOTAL ILLINOIS | 16,955,000 | ||
Indiana - 2.0% | |||
Indiana Fin. Auth. Exempt Facilities Rev. Bonds Series MS 00 22, 4.11%, tender 10/3/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(c)(h)(i) | 13,800,000 | 13,800,000 | |
Westfield Washington Multi-School Bldg. Corp. BAN Series 2024 A, 5% 12/15/24 | 13,400,000 | 13,465,550 | |
TOTAL INDIANA | 27,265,550 | ||
Kentucky - 1.5% | |||
Meade County Indl. Bldg. Rev. (Nucor Steel Brandenburg Proj.): | |||
Series 2020 A1, 4.6% 8/1/24, VRDN (b)(c) | 7,525,000 | 7,525,000 | |
Series 2020 B1, 4.6% 8/1/24, VRDN (b)(c) | 12,735,000 | 12,735,000 | |
TOTAL KENTUCKY | 20,260,000 | ||
Louisiana - 1.1% | |||
Saint James Parish Gen. Oblig. (Nucor Steel Louisiana LLC Proj.): | |||
Series 2010 A1, 3.88% 8/7/24, VRDN (b) | 14,945,000 | 14,945,000 | |
Series 2010 B1, 3.95% 8/7/24, VRDN (b) | 600,000 | 600,000 | |
TOTAL LOUISIANA | 15,545,000 | ||
Maine - 0.1% | |||
Reg'l. School Unit # 14 BAN Series 2024, 5% 5/15/25 | 1,200,000 | 1,214,760 | |
Maryland - 0.7% | |||
Baltimore County Gen. Oblig. Participating VRDN Series 2022 032, 3.96% 9/11/24 (Liquidity Facility Barclays Bank PLC) (b)(h)(i) | 1,175,000 | 1,175,000 | |
Integrace Obligated Group Participating VRDN Series 2022 024, 3.96% 9/11/24 (Liquidity Facility Barclays Bank PLC) (b)(h)(i) | 2,515,000 | 2,515,000 | |
Maryland St Econ. Dev. Corpm Participating VRDN Series XF 32 22, 3.93% 8/7/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(h)(i) | 2,600,000 | 2,600,000 | |
Riderwood Vlg, Inc. Participating VRDN Series 2022 029, 3.96% 9/11/24 (Liquidity Facility Barclays Bank PLC) (b)(h)(i) | 2,940,000 | 2,940,000 | |
TOTAL MARYLAND | 9,230,000 | ||
Mississippi - 0.3% | |||
Mississippi Bus. Fin. Corp. Rev. (Mississippi Pwr. Co. Proj.) Series 1999, 4.35% 8/1/24, VRDN (b)(c) | 3,200,000 | 3,200,000 | |
Mississippi Bus. Fin. Corp. Solid Waste Disp. Rev. (Mississippi Pwr. Co. Proj.) Series 1998, 4.35% 8/1/24, VRDN (b)(c) | 800,000 | 800,000 | |
TOTAL MISSISSIPPI | 4,000,000 | ||
Missouri - 0.2% | |||
Kansas City Indl. Dev. Auth. Participating VRDN Series XM 11 08, 4.4% 8/1/24 (Liquidity Facility JPMorgan Chase Bank) (b)(c)(h)(i) | 2,310,000 | 2,310,000 | |
Mizuho Floater / Residual Trust V Participating VRDN Series Floater MIZ 91 53, 3.93% 9/4/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(h)(i) | 1,130,499 | 1,130,499 | |
TOTAL MISSOURI | 3,440,499 | ||
Nebraska - 0.1% | |||
Stanton County Indl. Dev. Rev. (Nucor Corp. Proj.) Series 1996, 4.02% 8/7/24, VRDN (b)(c) | 2,100,000 | 2,100,000 | |
New Hampshire - 0.5% | |||
Nat'l. Fin. Auth. N H Specialt Bonds Series MS 00 23, 3.91%, tender 9/5/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(h)(i)(j) | 7,100,000 | 7,100,000 | |
New Jersey - 2.4% | |||
Clifton Gen. Oblig. BAN Series 2023, 5% 11/26/24 | 136,000 | 136,677 | |
Elmwood Park BAN Series 2023, 5% 10/9/24 | 1,825,000 | 1,829,709 | |
Hazlet Township NJ BAN Series 2023, 5% 11/8/24 | 2,715,000 | 2,726,057 | |
Jersey City Muni. Utils. Auth. Wtr. Rev. BAN Series 2024 A, 5% 5/1/25 | 2,350,000 | 2,373,738 | |
Jersey City N J Muni. Utils. Auth. BAN Series 2024 B, 5% 5/1/25 | 1,900,000 | 1,919,193 | |
Lacey Township Gen. Oblig. BAN Series 2024, 4.5% 5/7/25 | 4,621,000 | 4,658,866 | |
Manasquan N J BAN Series 2023, 5% 10/3/24 | 1,605,000 | 1,609,085 | |
Manchester Township Gen. Oblig. BAN Series 2024 A, 4.5% 5/8/25 | 2,189,554 | 2,206,232 | |
Newark Gen. Oblig. BAN Series 2024 B, 5% 5/13/25 | 6,200,000 | 6,261,540 | |
Pennsauken Township BAN Series 2024 A, 4.5% 5/28/25 | 5,800,000 | 5,844,086 | |
Ridgewood Gen. Oblig. BAN Series 2023 B, 5% 10/11/24 | 4,121,000 | 4,132,028 | |
TOTAL NEW JERSEY | 33,697,211 | ||
New Mexico - 0.1% | |||
New Mexico St Hosp. Equip. Ln. Co. Participating VRDN Series 2022 034, 3.96% 9/11/24 (Liquidity Facility Barclays Bank PLC) (b)(h)(i) | 1,430,000 | 1,430,000 | |
New York - 2.0% | |||
Liberty Dev. Corp. Rev. Participating VRDN Series MS 1207, 3.96% 8/7/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(h)(i) | 1,941,500 | 1,941,500 | |
New York Metropolitan Trans. Auth. Rev. Participating VRDN: | |||
Series XF 13 21, 3.93% 8/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(h)(i) | 1,860,000 | 1,860,000 | |
Series XF 13 55, 3.93% 8/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(h)(i) | 2,555,000 | 2,555,000 | |
Series XF 16 49, 3.93% 8/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(h)(i) | 2,570,000 | 2,570,000 | |
New York State Hsg. Fin. Agcy. Rev. Participating VRDN: | |||
Series 2022, 3.96% 9/11/24 (Liquidity Facility Barclays Bank PLC) (b)(h)(i) | 3,100,000 | 3,100,000 | |
Series Floater 2022 007, 4.06% 9/11/24 (Liquidity Facility Barclays Bank PLC) (b)(c)(h)(i) | 16,010,000 | 16,010,000 | |
Oyster Bay Gen. Oblig. BAN Series 2024, 4% 3/7/25 | 80,000 | 80,413 | |
TOTAL NEW YORK | 28,116,913 | ||
Ohio - 0.5% | |||
Ohio Hosp. Rev.: | |||
Series 2013 B, 4.14% 8/9/27, VRDN (b) | 3,645,000 | 3,645,000 | |
Series 2015 B, 4.14% 8/9/27, VRDN (b) | 2,870,000 | 2,870,000 | |
TOTAL OHIO | 6,515,000 | ||
Oklahoma - 0.4% | |||
Oklahoma Dev. Fin. Auth. Health Sys. Rev. Series 2020 B, 4.25% 8/7/24, VRDN (b) | 5,325,000 | 5,325,000 | |
Steele Duncan Plaza, LLC Participating VRDN Series MIZ 91 03, 3.93% 9/4/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(h)(i)(j) | 942,957 | 942,957 | |
TOTAL OKLAHOMA | 6,267,957 | ||
Pennsylvania - 1.8% | |||
Montgomery County Higher Ed. & Health Auth. Rev. Series 2018 D, 4.41% 8/7/24, VRDN (b) | 9,520,000 | 9,520,000 | |
Philadelphia Auth. for Indl. Dev.: | |||
Participating VRDN Series MIZ 90 51, 3.93% 9/4/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(h)(i)(j) | 339,186 | 339,186 | |
Series 2017 B, 4.41% 8/7/24, VRDN (b) | 14,590,000 | 14,590,000 | |
TOTAL PENNSYLVANIA | 24,449,186 | ||
South Carolina - 1.9% | |||
Berkeley County Indl. Dev. Rev. (Nucor Corp. Proj.) Series 1995, 4.02% 8/7/24, VRDN (b)(c) | 700,000 | 700,000 | |
South Carolina Pub. Svc. Auth. Rev. Participating VRDN: | |||
Series 2021 XF 12 43, 3.91% 8/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(h)(i) | 6,125,000 | 6,125,000 | |
Series Floaters XM 03 84, 3.91% 8/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(h)(i) | 19,000,000 | 19,000,000 | |
TOTAL SOUTH CAROLINA | 25,825,000 | ||
Tennessee - 0.7% | |||
Chattanooga Health Ed. & Hsg. Facility Board Rev. (Catholic Health Initiatives Proj.) Series C, 3.95% 8/7/24, VRDN (b) | 9,140,000 | 9,140,000 | |
Mizuho Floater / Residual Trust V Participating VRDN Series Floater MIZ 91 63, 3.93% 9/4/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(h)(i) | 884,342 | 884,342 | |
TOTAL TENNESSEE | 10,024,342 | ||
Texas - 4.8% | |||
Austin Arpt. Sys. Rev. Participating VRDN Series XG 04 27, 3.91% 8/7/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(c)(h)(i) | 250,000 | 250,000 | |
Brazos County Tex Hsg. Fin. Corp. M Participating VRDN Series XF 31 29, 3.93% 8/7/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(h)(i) | 911,693 | 911,693 | |
Ep Machuca Lp Participating VRDN Series MIZ 91 04, 3.93% 9/4/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(h)(i)(j) | 1,334,718 | 1,334,718 | |
Mizuho Floater / Residual Trust V Participating VRDN Series MIZ 91 24, 3.93% 9/4/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(h)(i)(j) | 7,603,517 | 7,603,517 | |
Port Arthur Navigation District Envir. Facilities Rev. (Motiva Enterprises LLC Proj.): | |||
Series 2004, 4.01% 8/7/24, VRDN (b)(c) | 27,600,000 | 27,600,000 | |
Series 2010 C, 4.2% 8/1/24, VRDN (b) | 800,000 | 800,000 | |
Series 2010 D: | |||
3.85% 8/7/24, VRDN (b) | 25,055,000 | 25,055,000 | |
3.91% 8/7/24, VRDN (b) | 3,825,000 | 3,825,000 | |
TOTAL TEXAS | 67,379,928 | ||
Utah - 1.5% | |||
Box Elder County Poll. Cont. Rev. Series 2003, 4.15% 8/7/24, VRDN (b) | 200,000 | 200,000 | |
Salt Lake City Arpt. Rev. Participating VRDN: | |||
Series XM 11 07, 4.4% 8/1/24 (Liquidity Facility JPMorgan Chase Bank) (b)(c)(h)(i) | 9,445,000 | 9,445,000 | |
Series XM 11 47, 3.91% 8/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(c)(h)(i) | 11,200,000 | 11,200,000 | |
TOTAL UTAH | 20,845,000 | ||
Virginia - 0.9% | |||
Lynchburg Econ. Dev. Participating VRDN Series XL 00 75, 3.91% 8/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(h)(i) | 9,900,000 | 9,900,000 | |
Nat'l. Sr. Campuses Participating VRDN Series 2022 028, 3.96% 9/11/24 (Liquidity Facility Barclays Bank PLC) (b)(h)(i) | 2,615,000 | 2,615,000 | |
TOTAL VIRGINIA | 12,515,000 | ||
Washington - 0.2% | |||
Washington Hsg. Fin. Commission Nonprofit Hsg. Rev. Participating VRDN Series XF 32 27, 3.93% 8/7/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(h)(i) | 3,000,000 | 3,000,000 | |
West Virginia - 0.2% | |||
West Virginia Hosp. Fin. Auth. Hosp. Rev. Series 2018 E, 4.22% 8/9/27, VRDN (b) | 2,755,000 | 2,755,000 | |
Wyoming - 0.7% | |||
Lincoln County Envir. (PacifiCorp Proj.) Series 1995, 4.25% 8/7/24, VRDN (b)(c) | 5,100,000 | 5,100,000 | |
Lincoln County Poll. Cont. Rev. (PacifiCorp Proj.) Series 1994, 4.2% 8/7/24, VRDN (b) | 400,000 | 400,000 | |
Sweetwater County Env Imp Rev. (Pacificorp Proj.) Series 1995, 4.5% 8/1/24, VRDN (b)(c) | 1,600,000 | 1,600,000 | |
Sweetwater County Poll. Cont. Rev. (PacifiCorp Proj.) Series 1994, 4.2% 8/7/24, VRDN (b) | 2,260,000 | 2,260,000 | |
TOTAL WYOMING | 9,360,000 | ||
TOTAL MUNICIPAL NOTES (Cost $639,931,599) | 640,022,156 | ||
Money Market Funds - 0.5% | |||
Shares | Value ($) | ||
Fidelity Municipal Cash Central Fund 3.90% (k)(l) (Cost $7,623,637) | 7,622,112 | 7,623,637 | |
TOTAL INVESTMENT IN SECURITIES - 99.6% (Cost $1,382,242,262) | 1,383,497,360 |
NET OTHER ASSETS (LIABILITIES) - 0.4% | 4,966,705 |
NET ASSETS - 100.0% | 1,388,464,065 |
BAN | - | BOND ANTICIPATION NOTE |
VRDN | - | VARIABLE RATE DEMAND NOTE (A debt instrument that is payable upon demand, either daily, weekly or monthly) |
(a) | Amount is stated in United States dollars unless otherwise noted. |
(b) | Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end. |
(c) | Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals. |
(d) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(e) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $23,553,318 or 1.7% of net assets. |
(f) | Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end. |
(g) | Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors. |
(h) | Provides evidence of ownership in one or more underlying municipal bonds. |
(i) | Coupon rates are determined by re-marketing agents based on current market conditions. |
(j) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $32,490,378 or 2.3% of net assets. |
(k) | Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Municipal Cash Central Fund. |
(l) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Ep Machuca Lp Participating VRDN Series MIZ 91 04, 3.93% 9/4/24 (Liquidity Facility Mizuho Cap. Markets LLC) | 1/19/24 | 1,334,718 |
Miami Dade County Hsg. Multifamily Hsg. Rev. Participating VRDN Series Floater MIZ 90 87, 3.93% 9/4/24 (Liquidity Facility Mizuho Cap. Markets LLC) | 1/19/24 | 585,000 |
Mizuho Floater / Residual Trust V Participating VRDN Series MIZ 91 24, 3.93% 9/4/24 (Liquidity Facility Mizuho Cap. Markets LLC) | 1/19/24 | 7,603,517 |
Nat'l. Fin. Auth. N H Specialt Bonds Series MS 00 23, 3.91%, tender 9/5/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) | 4/16/24 | 7,100,000 |
Philadelphia Auth. for Indl. Dev. Participating VRDN Series MIZ 90 51, 3.93% 9/4/24 (Liquidity Facility Mizuho Cap. Markets LLC) | 1/19/24 | 339,186 |
San Francisco City & County Multi-family Hsg. Rev. Participating VRDN Series MIZ 91 15, 3.93% 9/4/24 (Liquidity Facility Mizuho Cap. Markets LLC) | 1/19/24 | 14,585,000 |
Steele Duncan Plaza, LLC Participating VRDN Series MIZ 91 03, 3.93% 9/4/24 (Liquidity Facility Mizuho Cap. Markets LLC) | 1/19/24 | 942,957 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Municipal Cash Central Fund 3.90% | 64,088,866 | 135,789,795 | 192,255,488 | 517,446 | 6,862 | (6,398) | 7,623,637 | 0.3% |
Total | 64,088,866 | 135,789,795 | 192,255,488 | 517,446 | 6,862 | (6,398) | 7,623,637 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Municipal Securities | 1,375,873,723 | - | 1,375,873,723 | - |
Money Market Funds | 7,623,637 | 7,623,637 | - | - |
Total Investments in Securities: | 1,383,497,360 | 7,623,637 | 1,375,873,723 | - |
Statement of Assets and Liabilities | ||||
As of July 31, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $1,374,618,625) | $ | 1,375,873,723 | ||
Fidelity Central Funds (cost $7,623,637) | 7,623,637 | |||
Total Investment in Securities (cost $1,382,242,262) | $ | 1,383,497,360 | ||
Cash | 1,000 | |||
Receivable for investments sold | 14,300,000 | |||
Receivable for fund shares sold | 1,915,581 | |||
Interest receivable | 11,199,831 | |||
Distributions receivable from Fidelity Central Funds | 16,865 | |||
Prepaid expenses | 7,746 | |||
Receivable from investment adviser for expense reductions | 14,660 | |||
Other receivables | 52 | |||
Total assets | 1,410,953,095 | |||
Liabilities | ||||
Payable for investments purchased | ||||
Regular delivery | $ | 3,350,000 | ||
Delayed delivery | 12,435,109 | |||
Payable for fund shares redeemed | 2,623,963 | |||
Distributions payable | 3,748,069 | |||
Accrued management fee | 228,589 | |||
Other payables and accrued expenses | 103,300 | |||
Total liabilities | 22,489,030 | |||
Net Assets | $ | 1,388,464,065 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 1,386,695,045 | ||
Total accumulated earnings (loss) | 1,769,020 | |||
Net Assets | $ | 1,388,464,065 | ||
Net Asset Value, offering price and redemption price per share ($1,388,464,065 ÷ 138,130,803 shares) | $ | 10.05 |
Statement of Operations | ||||
Six months ended July 31, 2024 (Unaudited) | ||||
Investment Income | ||||
Interest | $ | 23,406,173 | ||
Income from Fidelity Central Funds | 517,446 | |||
Total income | 23,923,619 | |||
Expenses | ||||
Management fee | $ | 1,295,525 | ||
Custodian fees and expenses | 5,676 | |||
Independent trustees' fees and expenses | 1,417 | |||
Registration fees | 354,123 | |||
Audit fees | 26,043 | |||
Legal | 2,156 | |||
Miscellaneous | 709 | |||
Total expenses before reductions | 1,685,649 | |||
Expense reductions | (395,540) | |||
Total expenses after reductions | 1,290,109 | |||
Net Investment income (loss) | 22,633,510 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 106,487 | |||
Fidelity Central Funds | 6,862 | |||
Total net realized gain (loss) | 113,349 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 138,349 | |||
Fidelity Central Funds | (6,398) | |||
Total change in net unrealized appreciation (depreciation) | 131,951 | |||
Net gain (loss) | 245,300 | |||
Net increase (decrease) in net assets resulting from operations | $ | 22,878,810 |
Statement of Changes in Net Assets | ||||
Six months ended July 31, 2024 (Unaudited) | For the period November 6, 2023 (commencement of operations) through January 31, 2024 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 22,633,510 | $ | 1,244,891 |
Net realized gain (loss) | 113,349 | 821 | ||
Change in net unrealized appreciation (depreciation) | 131,951 | 1,123,147 | ||
Net increase (decrease) in net assets resulting from operations | 22,878,810 | 2,368,859 | ||
Distributions to shareholders | (22,329,006) | (1,149,642) | ||
Share transactions | ||||
Proceeds from sales of shares | 582,563,413 | 1,106,832,162 | ||
Reinvestment of distributions | 176,003 | 85,971 | ||
Cost of shares redeemed | (292,962,580) | (9,999,925) | ||
Net increase (decrease) in net assets resulting from share transactions | 289,776,836 | 1,096,918,208 | ||
Total increase (decrease) in net assets | 290,326,640 | 1,098,137,425 | ||
Net Assets | ||||
Beginning of period | 1,098,137,425 | - | ||
End of period | $ | 1,388,464,065 | $ | 1,098,137,425 |
Other Information | ||||
Shares | ||||
Sold | 58,057,217 | 110,245,491 | ||
Issued in reinvestment of distributions | 17,548 | 8,556 | ||
Redeemed | (29,202,125) | (995,884) | ||
Net increase (decrease) | 28,872,640 | 109,258,163 | ||
Fidelity® SAI Conservative Income Municipal Bond Fund |
Six months ended (Unaudited) July 31, 2024 | Years ended January 31, 2024 A | |||
Selected Per-Share Data | ||||
Net asset value, beginning of period | $ | 10.05 | $ | 10.00 |
Income from Investment Operations | ||||
Net investment income (loss) B,C | .175 | .074 | ||
Net realized and unrealized gain (loss) | (.002) D | .062 | ||
Total from investment operations | .173 | .136 | ||
Distributions from net investment income | (.173) | (.086) | ||
Total distributions | (.173) | (.086) | ||
Net asset value, end of period | $ | 10.05 | $ | 10.05 |
Total Return E,F | 1.74 % | 1.36% | ||
Ratios to Average Net Assets C,G,H | ||||
Expenses before reductions | .26% I | .56% I,J | ||
Expenses net of fee waivers, if any | .20 % I | .20% I | ||
Expenses net of all reductions | .20% I | .20% I | ||
Net investment income (loss) | 3.51% I | 4.01% I | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 1,388,464 | $ | 1,098,137 |
Portfolio turnover rate K | 61 % I | 14% L,M |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $1,740,918 |
Gross unrealized depreciation | (366,568) |
Net unrealized appreciation (depreciation) | $1,374,350 |
Tax cost | $1,382,123,010 |
Purchases ($) | Sales ($) | |
Fidelity SAI Conservative Income Municipal Bond Fund | 389,967,985 | 169,651,004 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity SAI Conservative Income Municipal Bond Fund | 45,370,000 | 6,200,000 | - |
Shares | Total Proceeds ($) | |
Fidelity SAI Conservative Income Municipal Bond Fund | 96,535,634 | 969,217,761 |
Amount ($) | |
Fidelity SAI Conservative Income Municipal Bond Fund | 687 |
Contents
Common Stocks - 99.7% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 4.1% | |||
Diversified Telecommunication Services - 1.3% | |||
AT&T, Inc. | 2,196,655 | 42,285,609 | |
Frontier Communications Parent, Inc. (a)(b) | 75,072 | 2,199,610 | |
GCI Liberty, Inc. Class A (Escrow) (c)(h) | 30,220 | 0 | |
Iridium Communications, Inc. | 33,307 | 955,911 | |
Liberty Global Ltd.: | |||
Class A | 51,377 | 1,001,338 | |
Class C (b) | 51,990 | 1,045,519 | |
Verizon Communications, Inc. | 1,289,495 | 52,250,337 | |
99,738,324 | |||
Entertainment - 1.2% | |||
Electronic Arts, Inc. | 81,796 | 12,346,288 | |
Liberty Media Corp. Liberty Formula One: | |||
Class A | 4,689 | 346,845 | |
Class C | 38,479 | 3,111,797 | |
Liberty Media Corp. Liberty Live: | |||
Class C | 14,078 | 549,324 | |
Series A | 6,124 | 231,303 | |
Madison Square Garden Sports Corp. (a) | 5,230 | 1,048,144 | |
Playtika Holding Corp. | 21,435 | 163,549 | |
Roku, Inc. Class A (a) | 32,848 | 1,912,082 | |
Take-Two Interactive Software, Inc. (a) | 51,322 | 7,725,501 | |
The Walt Disney Co. | 562,017 | 52,655,373 | |
TKO Group Holdings, Inc. | 20,822 | 2,276,886 | |
Warner Bros Discovery, Inc. (a) | 742,398 | 6,421,743 | |
88,788,835 | |||
Interactive Media & Services - 0.1% | |||
IAC, Inc. (a) | 22,750 | 1,201,428 | |
Match Group, Inc. (a) | 80,957 | 3,087,700 | |
TripAdvisor, Inc. (a) | 31,250 | 550,938 | |
Trump Media & Technology Group (a)(b) | 6,548 | 188,190 | |
Zoominfo Technologies, Inc. (a) | 95,433 | 1,084,119 | |
6,112,375 | |||
Media - 1.2% | |||
Charter Communications, Inc. Class A (a) | 28,700 | 10,897,964 | |
Comcast Corp. Class A | 1,190,824 | 49,145,306 | |
Fox Corp.: | |||
Class A | 72,636 | 2,763,073 | |
Class B | 40,512 | 1,435,340 | |
Interpublic Group of Companies, Inc. (b) | 115,210 | 3,706,306 | |
Liberty Broadband Corp.: | |||
Class A (a) | 3,809 | 252,232 | |
Class C (a) | 25,486 | 1,717,502 | |
Liberty Media Corp. Liberty SiriusXM: | |||
Class A | 21,667 | 490,108 | |
Class C | 45,114 | 1,015,516 | |
News Corp.: | |||
Class A | 116,578 | 3,215,221 | |
Class B | 34,558 | 984,557 | |
Nexstar Media Group, Inc. (b) | 5,802 | 1,072,152 | |
Omnicom Group, Inc. | 59,204 | 5,804,360 | |
Paramount Global: | |||
Class A (b) | 2,442 | 55,922 | |
Class B (b) | 181,743 | 2,075,505 | |
Sirius XM Holdings, Inc. (b) | 186,907 | 644,829 | |
The New York Times Co. Class A | 49,162 | 2,634,592 | |
87,910,485 | |||
Wireless Telecommunication Services - 0.3% | |||
T-Mobile U.S., Inc. | 148,051 | 26,986,736 | |
TOTAL COMMUNICATION SERVICES | 309,536,755 | ||
CONSUMER DISCRETIONARY - 6.1% | |||
Automobile Components - 0.2% | |||
Aptiv PLC (a) | 83,281 | 5,778,869 | |
BorgWarner, Inc. | 70,329 | 2,483,317 | |
Gentex Corp. | 70,733 | 2,196,967 | |
Lear Corp. | 17,263 | 2,106,777 | |
QuantumScape Corp. Class A (a)(b) | 107,175 | 692,351 | |
13,258,281 | |||
Automobiles - 0.5% | |||
Ford Motor Co. | 1,201,043 | 12,995,285 | |
General Motors Co. | 346,944 | 15,376,558 | |
Harley-Davidson, Inc. (b) | 37,004 | 1,387,650 | |
Lucid Group, Inc. Class A (a)(b) | 271,438 | 955,462 | |
Rivian Automotive, Inc. (a)(b) | 251,652 | 4,129,609 | |
Thor Industries, Inc. (b) | 15,552 | 1,650,689 | |
36,495,253 | |||
Broadline Retail - 0.2% | |||
Dillard's, Inc. Class A (b) | 940 | 374,675 | |
eBay, Inc. | 154,803 | 8,608,595 | |
Etsy, Inc. (a) | 12,377 | 806,238 | |
Kohl's Corp. | 33,774 | 731,545 | |
Macy's, Inc. | 83,743 | 1,447,079 | |
Nordstrom, Inc. (b) | 30,589 | 698,347 | |
Ollie's Bargain Outlet Holdings, Inc. (a) | 18,642 | 1,820,205 | |
14,486,684 | |||
Distributors - 0.1% | |||
Genuine Parts Co. | 42,535 | 6,257,324 | |
LKQ Corp. | 81,378 | 3,377,187 | |
9,634,511 | |||
Diversified Consumer Services - 0.1% | |||
ADT, Inc. | 88,697 | 690,063 | |
Bright Horizons Family Solutions, Inc. (a) | 14,980 | 1,801,345 | |
Grand Canyon Education, Inc. (a) | 6,052 | 943,809 | |
H&R Block, Inc. | 34,161 | 1,979,288 | |
Service Corp. International | 43,620 | 3,485,674 | |
8,900,179 | |||
Hotels, Restaurants & Leisure - 1.8% | |||
Aramark | 80,077 | 2,744,239 | |
Booking Holdings, Inc. | 636 | 2,362,746 | |
Boyd Gaming Corp. | 20,996 | 1,278,027 | |
Caesars Entertainment, Inc. (a)(b) | 65,772 | 2,627,591 | |
Carnival Corp. (a) | 305,210 | 5,084,799 | |
Choice Hotels International, Inc. (b) | 1,328 | 169,254 | |
Darden Restaurants, Inc. | 17,183 | 2,513,701 | |
Domino's Pizza, Inc. | 6,923 | 2,967,890 | |
Doordash, Inc. (a) | 13,474 | 1,491,841 | |
Dutch Bros, Inc. (a) | 16,939 | 647,917 | |
Hilton Worldwide Holdings, Inc. | 36,599 | 7,856,707 | |
Hyatt Hotels Corp. Class A | 11,449 | 1,686,781 | |
Marriott International, Inc. Class A | 71,855 | 16,332,642 | |
Marriott Vacations Worldwide Corp. | 10,642 | 900,100 | |
McDonald's Corp. | 206,373 | 54,771,394 | |
MGM Resorts International (a) | 74,576 | 3,204,531 | |
Penn Entertainment, Inc. (a) | 46,069 | 919,998 | |
Planet Fitness, Inc. (a) | 12,163 | 896,413 | |
Royal Caribbean Cruises Ltd. | 47,351 | 7,420,849 | |
Starbucks Corp. | 77,660 | 6,053,597 | |
Travel+Leisure Co. | 20,936 | 964,940 | |
Vail Resorts, Inc. (b) | 1,858 | 338,175 | |
Wendy's Co. | 26,798 | 453,690 | |
Wyndham Hotels & Resorts, Inc. (b) | 21,902 | 1,658,419 | |
Wynn Resorts Ltd. | 28,898 | 2,393,332 | |
Yum! Brands, Inc. | 53,088 | 7,051,679 | |
134,791,252 | |||
Household Durables - 0.9% | |||
D.R. Horton, Inc. | 90,706 | 16,320,731 | |
Garmin Ltd. | 47,362 | 8,110,743 | |
Leggett & Platt, Inc. (b) | 40,667 | 535,584 | |
Lennar Corp.: | |||
Class A | 73,767 | 13,051,595 | |
Class B | 3,467 | 571,916 | |
Mohawk Industries, Inc. (a) | 16,227 | 2,613,683 | |
Newell Brands, Inc. | 126,854 | 1,089,676 | |
NVR, Inc. (a) | 909 | 7,824,199 | |
PulteGroup, Inc. | 63,972 | 8,444,304 | |
SharkNinja, Inc. | 16,232 | 1,247,429 | |
Toll Brothers, Inc. | 31,720 | 4,526,761 | |
TopBuild Corp. (a) | 8,934 | 4,275,276 | |
Whirlpool Corp. | 16,180 | 1,649,875 | |
70,261,772 | |||
Leisure Products - 0.1% | |||
Brunswick Corp. | 20,643 | 1,681,372 | |
Hasbro, Inc. | 5,359 | 345,441 | |
Mattel, Inc. (a) | 104,763 | 2,020,878 | |
Polaris, Inc. (b) | 15,966 | 1,329,648 | |
YETI Holdings, Inc. (a) | 18,283 | 756,002 | |
6,133,341 | |||
Specialty Retail - 1.8% | |||
Advance Auto Parts, Inc. (b) | 18,203 | 1,152,796 | |
AutoNation, Inc. (a) | 7,882 | 1,503,255 | |
AutoZone, Inc. (a) | 460 | 1,441,497 | |
Bath & Body Works, Inc. | 68,808 | 2,528,694 | |
Best Buy Co., Inc. | 65,924 | 5,703,744 | |
CarMax, Inc. (a) | 44,711 | 3,775,397 | |
Carvana Co. Class A (a) | 20,961 | 2,792,634 | |
Dick's Sporting Goods, Inc. | 15,821 | 3,422,873 | |
Five Below, Inc. (a) | 3,387 | 246,370 | |
Floor & Decor Holdings, Inc. Class A (a)(b) | 20,386 | 1,997,828 | |
GameStop Corp. Class A (a)(b) | 82,300 | 1,865,741 | |
Gap, Inc. | 61,374 | 1,441,062 | |
Lithia Motors, Inc. Class A (sub. vtg.) | 8,286 | 2,289,670 | |
Lowe's Companies, Inc. | 175,202 | 43,013,843 | |
O'Reilly Automotive, Inc. (a) | 1,397 | 1,573,497 | |
Penske Automotive Group, Inc. (b) | 5,642 | 982,329 | |
RH (a) | 3,661 | 1,061,983 | |
Ross Stores, Inc. | 77,388 | 11,084,283 | |
The Home Depot, Inc. | 61,311 | 22,572,258 | |
TJX Companies, Inc. | 141,811 | 16,027,479 | |
Ulta Beauty, Inc. (a) | 1,961 | 715,549 | |
Wayfair LLC Class A (a)(b) | 28,228 | 1,536,450 | |
Williams-Sonoma, Inc. | 15,880 | 2,456,318 | |
131,185,550 | |||
Textiles, Apparel & Luxury Goods - 0.4% | |||
Amer Sports, Inc. | 37,039 | 430,023 | |
Birkenstock Holding PLC | 12,010 | 709,911 | |
Capri Holdings Ltd. (a) | 34,692 | 1,163,570 | |
Carter's, Inc. (b) | 10,964 | 663,870 | |
Columbia Sportswear Co. (b) | 10,169 | 830,807 | |
Crocs, Inc. (a) | 14,912 | 2,003,725 | |
NIKE, Inc. Class B | 140,592 | 10,524,717 | |
PVH Corp. (b) | 17,516 | 1,786,457 | |
Ralph Lauren Corp. Class A | 11,775 | 2,067,572 | |
Skechers U.S.A., Inc. Class A (sub. vtg.) (a) | 37,736 | 2,457,746 | |
Tapestry, Inc. | 70,025 | 2,807,302 | |
Under Armour, Inc.: | |||
Class A (sub. vtg.) (a) | 55,566 | 387,295 | |
Class C (non-vtg.) (a)(b) | 61,464 | 417,341 | |
VF Corp. | 106,996 | 1,814,652 | |
28,064,988 | |||
TOTAL CONSUMER DISCRETIONARY | 453,211,811 | ||
CONSUMER STAPLES - 7.7% | |||
Beverages - 1.1% | |||
Boston Beer Co., Inc. Class A (a) | 2,216 | 620,945 | |
Brown-Forman Corp.: | |||
Class A (b) | 14,874 | 678,106 | |
Class B (non-vtg.) | 52,705 | 2,380,158 | |
Coca-Cola Consolidated, Inc. (b) | 1,804 | 2,067,186 | |
Constellation Brands, Inc. Class A (sub. vtg.) | 48,739 | 11,948,853 | |
Keurig Dr. Pepper, Inc. | 324,307 | 11,117,244 | |
Molson Coors Beverage Co. Class B | 53,526 | 2,828,849 | |
Monster Beverage Corp. (a) | 46,306 | 2,382,444 | |
PepsiCo, Inc. | 88,344 | 15,254,358 | |
The Coca-Cola Co. | 507,233 | 33,852,730 | |
83,130,873 | |||
Consumer Staples Distribution & Retail - 2.2% | |||
Albertsons Companies, Inc. | 127,788 | 2,534,036 | |
BJ's Wholesale Club Holdings, Inc. (a) | 40,339 | 3,548,218 | |
Casey's General Stores, Inc. | 9,361 | 3,630,570 | |
Dollar General Corp. | 67,195 | 8,089,606 | |
Dollar Tree, Inc. (a) | 62,722 | 6,544,413 | |
Grocery Outlet Holding Corp. (a)(b) | 29,636 | 579,680 | |
Kroger Co. | 202,933 | 11,059,849 | |
Maplebear, Inc. (NASDAQ) | 52,623 | 1,814,967 | |
Performance Food Group Co. (a) | 40,048 | 2,763,312 | |
Sysco Corp. | 57,741 | 4,425,848 | |
Target Corp. | 141,551 | 21,290,686 | |
U.S. Foods Holding Corp. (a) | 70,050 | 3,810,020 | |
Walgreens Boots Alliance, Inc. | 218,956 | 2,599,008 | |
Walmart, Inc. | 1,328,109 | 91,161,402 | |
163,851,615 | |||
Food Products - 1.5% | |||
Archer Daniels Midland Co. | 150,818 | 9,352,224 | |
Bunge Global SA | 43,073 | 4,532,572 | |
Campbell Soup Co. | 58,718 | 2,751,525 | |
Conagra Brands, Inc. | 145,736 | 4,418,716 | |
Darling Ingredients, Inc. (a) | 48,482 | 1,926,190 | |
Flowers Foods, Inc. | 57,307 | 1,290,554 | |
Freshpet, Inc. (a) | 9,693 | 1,179,638 | |
General Mills, Inc. | 172,753 | 11,598,636 | |
Hormel Foods Corp. | 88,670 | 2,847,194 | |
Ingredion, Inc. (b) | 20,037 | 2,492,002 | |
Kellanova | 80,183 | 4,662,641 | |
Lamb Weston Holdings, Inc. | 29,877 | 1,793,218 | |
McCormick & Co., Inc. (non-vtg.) | 77,042 | 5,933,004 | |
Mondelez International, Inc. | 409,740 | 28,005,729 | |
Pilgrim's Pride Corp. (a) | 11,427 | 471,135 | |
Post Holdings, Inc. (a) | 15,105 | 1,651,883 | |
Seaboard Corp. | 78 | 253,337 | |
The Hershey Co. | 38,854 | 7,672,888 | |
The J.M. Smucker Co. | 31,559 | 3,722,384 | |
The Kraft Heinz Co. | 271,859 | 9,572,155 | |
Tyson Foods, Inc. Class A | 86,025 | 5,238,923 | |
111,366,548 | |||
Household Products - 1.6% | |||
Church & Dwight Co., Inc. | 74,622 | 7,313,702 | |
Colgate-Palmolive Co. | 111,883 | 11,097,675 | |
Kimberly-Clark Corp. | 60,592 | 8,182,950 | |
Procter & Gamble Co. | 561,027 | 90,190,701 | |
Reynolds Consumer Products, Inc. | 16,629 | 462,619 | |
Spectrum Brands Holdings, Inc. | 8,963 | 758,359 | |
118,006,006 | |||
Personal Care Products - 0.2% | |||
BellRing Brands, Inc. (a) | 39,849 | 2,043,457 | |
Coty, Inc. Class A (a) | 120,305 | 1,197,035 | |
Estee Lauder Companies, Inc. Class A | 45,059 | 4,488,327 | |
Kenvue, Inc. | 585,745 | 10,830,425 | |
18,559,244 | |||
Tobacco - 1.1% | |||
Altria Group, Inc. | 525,885 | 25,773,624 | |
Philip Morris International, Inc. | 475,686 | 54,780,000 | |
80,553,624 | |||
TOTAL CONSUMER STAPLES | 575,467,910 | ||
ENERGY - 7.3% | |||
Energy Equipment & Services - 0.6% | |||
Baker Hughes Co. Class A | 305,296 | 11,821,061 | |
Halliburton Co. | 269,638 | 9,351,046 | |
NOV, Inc. | 120,408 | 2,506,895 | |
Schlumberger Ltd. | 437,124 | 21,108,718 | |
TechnipFMC PLC | 131,159 | 3,869,191 | |
48,656,911 | |||
Oil, Gas & Consumable Fuels - 6.7% | |||
Antero Midstream GP LP (b) | 64,057 | 919,859 | |
Antero Resources Corp. (a) | 88,708 | 2,574,306 | |
APA Corp. | 110,656 | 3,451,361 | |
Cheniere Energy, Inc. | 34,349 | 6,273,501 | |
Chesapeake Energy Corp. | 40,139 | 3,063,810 | |
Chevron Corp. | 527,214 | 84,602,031 | |
Chord Energy Corp. | 18,896 | 3,243,687 | |
Civitas Resources, Inc. | 22,155 | 1,545,533 | |
ConocoPhillips Co. | 358,544 | 39,870,093 | |
Coterra Energy, Inc. | 226,899 | 5,853,994 | |
Devon Energy Corp. | 192,472 | 9,051,958 | |
Diamondback Energy, Inc. | 54,389 | 11,003,439 | |
DT Midstream, Inc. | 29,696 | 2,237,891 | |
EOG Resources, Inc. | 176,034 | 22,321,111 | |
EQT Corp. | 169,070 | 5,834,606 | |
Exxon Mobil Corp. | 1,373,312 | 162,861,070 | |
Hess Corp. | 30,164 | 4,627,761 | |
HF Sinclair Corp. | 49,542 | 2,549,927 | |
Kinder Morgan, Inc. | 592,976 | 12,529,583 | |
Marathon Oil Corp. | 174,697 | 4,900,251 | |
Marathon Petroleum Corp. | 107,750 | 19,073,905 | |
Matador Resources Co. | 33,213 | 2,041,935 | |
New Fortress Energy, Inc. Class A (b) | 9,352 | 184,608 | |
Occidental Petroleum Corp. | 194,919 | 11,854,974 | |
ONEOK, Inc. | 178,485 | 14,873,155 | |
Ovintiv, Inc. | 82,022 | 3,809,102 | |
Permian Resource Corp. Class A | 151,134 | 2,318,396 | |
Phillips 66 Co. | 129,623 | 18,857,554 | |
Range Resources Corp. (b) | 72,498 | 2,264,113 | |
Southwestern Energy Co. (a) | 335,421 | 2,163,465 | |
The Williams Companies, Inc. | 372,264 | 15,985,016 | |
Valero Energy Corp. | 99,731 | 16,128,497 | |
Viper Energy, Inc. | 19,773 | 843,714 | |
499,714,206 | |||
TOTAL ENERGY | 548,371,117 | ||
FINANCIALS - 21.3% | |||
Banks - 7.0% | |||
Bank of America Corp. | 2,076,760 | 83,714,196 | |
Bank OZK | 32,498 | 1,523,831 | |
BOK Financial Corp. | 6,935 | 713,195 | |
Citigroup, Inc. | 586,438 | 38,048,097 | |
Citizens Financial Group, Inc. | 139,751 | 5,963,175 | |
Columbia Banking Systems, Inc. | 63,759 | 1,667,935 | |
Comerica, Inc. | 40,541 | 2,222,052 | |
Commerce Bancshares, Inc. | 36,432 | 2,357,515 | |
Cullen/Frost Bankers, Inc. | 17,985 | 2,105,324 | |
East West Bancorp, Inc. | 42,189 | 3,707,991 | |
Fifth Third Bancorp | 208,857 | 8,843,005 | |
First Citizens Bancshares, Inc. | 3,664 | 7,649,296 | |
First Hawaiian, Inc. | 38,951 | 975,333 | |
First Horizon National Corp. (b) | 166,923 | 2,792,622 | |
FNB Corp., Pennsylvania | 108,767 | 1,668,486 | |
Huntington Bancshares, Inc. | 441,574 | 6,601,531 | |
JPMorgan Chase & Co. | 877,032 | 186,632,410 | |
KeyCorp | 283,037 | 4,565,387 | |
M&T Bank Corp. | 50,827 | 8,750,885 | |
Pinnacle Financial Partners, Inc. | 23,177 | 2,232,409 | |
PNC Financial Services Group, Inc. | 121,483 | 22,000,571 | |
Popular, Inc. | 19,564 | 2,007,853 | |
Prosperity Bancshares, Inc. (b) | 27,433 | 1,989,441 | |
Regions Financial Corp. | 280,985 | 6,285,634 | |
Synovus Financial Corp. | 44,627 | 2,086,312 | |
TFS Financial Corp. | 15,445 | 209,434 | |
Truist Financial Corp. | 408,327 | 18,248,134 | |
U.S. Bancorp | 477,018 | 21,408,568 | |
Webster Financial Corp. | 52,192 | 2,589,767 | |
Wells Fargo & Co. | 1,072,235 | 63,626,425 | |
Western Alliance Bancorp. | 32,831 | 2,641,582 | |
Wintrust Financial Corp. | 19,912 | 2,154,478 | |
Zions Bancorporation NA | 44,223 | 2,285,002 | |
520,267,876 | |||
Capital Markets - 4.8% | |||
Affiliated Managers Group, Inc. | 9,769 | 1,813,322 | |
Ameriprise Financial, Inc. | 2,697 | 1,159,899 | |
Bank of New York Mellon Corp. | 229,072 | 14,905,715 | |
BlackRock, Inc. | 45,173 | 39,594,135 | |
Carlyle Group LP | 66,953 | 3,330,242 | |
Cboe Global Markets, Inc. | 32,263 | 5,920,583 | |
Charles Schwab Corp. | 410,634 | 26,769,230 | |
CME Group, Inc. | 109,986 | 21,305,388 | |
Coinbase Global, Inc. (a) | 9,659 | 2,167,093 | |
Evercore, Inc. Class A | 10,969 | 2,746,528 | |
FactSet Research Systems, Inc. | 7,513 | 3,103,545 | |
Franklin Resources, Inc. | 87,134 | 1,992,755 | |
Goldman Sachs Group, Inc. | 70,538 | 35,905,958 | |
Houlihan Lokey | 14,282 | 2,145,871 | |
Interactive Brokers Group, Inc. | 31,764 | 3,788,492 | |
Intercontinental Exchange, Inc. | 173,847 | 26,348,251 | |
Invesco Ltd. | 111,730 | 1,928,460 | |
Janus Henderson Group PLC | 39,519 | 1,471,292 | |
Jefferies Financial Group, Inc. | 39,547 | 2,312,313 | |
KKR & Co., Inc. | 146,708 | 18,111,103 | |
Lazard, Inc. Class A | 2,178 | 107,092 | |
MarketAxess Holdings, Inc. | 11,296 | 2,524,995 | |
Morgan Stanley | 334,249 | 34,497,839 | |
MSCI, Inc. | 9,894 | 5,350,279 | |
NASDAQ, Inc. | 125,985 | 8,526,665 | |
Northern Trust Corp. | 61,856 | 5,483,534 | |
Raymond James Financial, Inc. | 57,830 | 6,708,280 | |
Robinhood Markets, Inc. (a) | 203,109 | 4,177,952 | |
S&P Global, Inc. | 95,759 | 46,417,260 | |
SEI Investments Co. | 30,907 | 2,096,731 | |
State Street Corp. | 92,185 | 7,832,959 | |
Stifel Financial Corp. | 30,357 | 2,691,755 | |
T. Rowe Price Group, Inc. | 67,085 | 7,661,778 | |
TPG, Inc. | 19,318 | 985,025 | |
Tradeweb Markets, Inc. Class A | 21,477 | 2,398,551 | |
Virtu Financial, Inc. Class A | 25,232 | 689,338 | |
XP, Inc. Class A | 112,166 | 1,919,160 | |
356,889,368 | |||
Consumer Finance - 0.9% | |||
Ally Financial, Inc. | 72,518 | 3,264,035 | |
American Express Co. | 108,577 | 27,474,324 | |
Capital One Financial Corp. | 115,822 | 17,535,451 | |
Credit Acceptance Corp. (a) | 403 | 231,685 | |
Discover Financial Services | 76,483 | 11,012,787 | |
OneMain Holdings, Inc. (b) | 34,511 | 1,803,545 | |
SLM Corp. | 66,717 | 1,513,809 | |
SoFi Technologies, Inc. (a)(b) | 265,311 | 2,000,445 | |
Synchrony Financial | 122,639 | 6,228,835 | |
71,064,916 | |||
Financial Services - 4.5% | |||
Affirm Holdings, Inc. Class A, (a)(b) | 69,653 | 1,970,483 | |
Apollo Global Management, Inc. | 40,221 | 5,040,094 | |
Berkshire Hathaway, Inc. Class B (a) | 560,110 | 245,608,229 | |
Block, Inc. Class A (a) | 98,207 | 6,077,049 | |
Corebridge Financial, Inc. | 78,175 | 2,310,071 | |
Euronet Worldwide, Inc. (a) | 13,212 | 1,347,492 | |
Fidelity National Information Services, Inc. | 171,932 | 13,209,536 | |
Fiserv, Inc. (a) | 121,534 | 19,879,316 | |
Global Payments, Inc. | 77,850 | 7,912,674 | |
Jack Henry & Associates, Inc. | 22,179 | 3,803,255 | |
MGIC Investment Corp. | 81,571 | 2,026,224 | |
PayPal Holdings, Inc. (a) | 320,108 | 21,056,704 | |
Rocket Companies, Inc. (a) | 42,319 | 685,145 | |
The Western Union Co. | 85,185 | 1,012,850 | |
UWM Holdings Corp. Class A (b) | 9,388 | 78,859 | |
Voya Financial, Inc. | 30,986 | 2,253,612 | |
WEX, Inc. (a) | 11,576 | 2,123,617 | |
336,395,210 | |||
Insurance - 4.0% | |||
AFLAC, Inc. | 174,949 | 16,686,636 | |
Allstate Corp. | 67,815 | 11,604,503 | |
American Financial Group, Inc. | 21,948 | 2,874,310 | |
American International Group, Inc. | 206,130 | 16,331,680 | |
Aon PLC | 60,062 | 19,730,968 | |
Arch Capital Group Ltd. (a) | 110,337 | 10,568,078 | |
Arthur J. Gallagher & Co. | 61,465 | 17,424,713 | |
Assurant, Inc. | 15,906 | 2,781,482 | |
Assured Guaranty Ltd. | 16,208 | 1,335,053 | |
Axis Capital Holdings Ltd. | 23,742 | 1,798,457 | |
Brighthouse Financial, Inc. (a) | 18,882 | 941,645 | |
Brown & Brown, Inc. | 40,905 | 4,067,184 | |
Chubb Ltd. | 123,797 | 34,125,881 | |
Cincinnati Financial Corp. | 46,822 | 6,115,890 | |
CNA Financial Corp. (b) | 6,709 | 329,814 | |
Everest Re Group Ltd. | 11,015 | 4,327,463 | |
Fidelity National Financial, Inc. | 79,358 | 4,397,227 | |
First American Financial Corp. | 30,553 | 1,850,901 | |
Globe Life, Inc. | 28,360 | 2,630,106 | |
Hanover Insurance Group, Inc. | 10,913 | 1,500,428 | |
Hartford Financial Services Group, Inc. | 90,800 | 10,071,536 | |
Kemper Corp. | 18,523 | 1,186,583 | |
Lincoln National Corp. | 52,021 | 1,732,299 | |
Loews Corp. | 55,402 | 4,429,390 | |
Markel Group, Inc. (a) | 3,000 | 4,916,550 | |
Marsh & McLennan Companies, Inc. | 130,191 | 28,976,611 | |
MetLife, Inc. | 182,362 | 14,014,520 | |
Old Republic International Corp. | 77,037 | 2,667,021 | |
Primerica, Inc. | 10,567 | 2,660,454 | |
Principal Financial Group, Inc. | 71,350 | 5,815,739 | |
Progressive Corp. | 28,082 | 6,012,918 | |
Prudential Financial, Inc. | 109,941 | 13,777,806 | |
Reinsurance Group of America, Inc. | 20,087 | 4,528,212 | |
RenaissanceRe Holdings Ltd. | 15,855 | 3,676,933 | |
RLI Corp. | 11,895 | 1,791,268 | |
The Travelers Companies, Inc. | 69,894 | 15,127,857 | |
Unum Group | 58,361 | 3,357,508 | |
W.R. Berkley Corp. | 94,986 | 5,236,578 | |
White Mountains Insurance Group Ltd. (b) | 763 | 1,362,718 | |
Willis Towers Watson PLC | 31,262 | 8,824,637 | |
301,589,557 | |||
Mortgage Real Estate Investment Trusts - 0.1% | |||
AGNC Investment Corp. (b) | 212,261 | 2,124,733 | |
Annaly Capital Management, Inc. | 153,010 | 3,046,429 | |
Rithm Capital Corp. (b) | 147,619 | 1,713,857 | |
Starwood Property Trust, Inc. | 90,637 | 1,808,208 | |
8,693,227 | |||
TOTAL FINANCIALS | 1,594,900,154 | ||
HEALTH CARE - 15.8% | |||
Biotechnology - 2.5% | |||
AbbVie, Inc. | 307,940 | 57,067,441 | |
Alnylam Pharmaceuticals, Inc. (a) | 4,327 | 1,027,489 | |
Amgen, Inc. | 36,267 | 12,057,689 | |
Biogen, Inc. (a) | 44,558 | 9,499,766 | |
BioMarin Pharmaceutical, Inc. (a) | 57,752 | 4,870,226 | |
Exact Sciences Corp. (a)(b) | 33,755 | 1,541,928 | |
Exelixis, Inc. (a) | 14,551 | 341,221 | |
Gilead Sciences, Inc. | 381,891 | 29,046,629 | |
Grail, Inc. (b) | 7,854 | 120,795 | |
Incyte Corp. (a) | 53,361 | 3,472,200 | |
Ionis Pharmaceuticals, Inc. (a) | 3,014 | 149,072 | |
Moderna, Inc. (a) | 98,849 | 11,784,778 | |
Regeneron Pharmaceuticals, Inc. (a) | 29,290 | 31,609,475 | |
Repligen Corp. (a)(b) | 14,600 | 2,443,310 | |
Roivant Sciences Ltd. (a) | 107,192 | 1,163,033 | |
United Therapeutics Corp. (a) | 13,356 | 4,184,301 | |
Vertex Pharmaceuticals, Inc. (a) | 39,559 | 19,610,187 | |
189,989,540 | |||
Health Care Equipment & Supplies - 3.2% | |||
Abbott Laboratories | 529,274 | 56,071,288 | |
Align Technology, Inc. (a) | 9,488 | 2,200,077 | |
Baxter International, Inc. | 155,744 | 5,578,750 | |
Becton, Dickinson & Co. | 88,451 | 21,321,998 | |
Boston Scientific Corp. (a) | 449,430 | 33,203,888 | |
Dentsply Sirona, Inc. | 63,294 | 1,717,799 | |
Edwards Lifesciences Corp. (a) | 147,936 | 9,327,365 | |
Enovis Corp. (a) | 16,629 | 792,206 | |
Envista Holdings Corp. (a) | 52,550 | 897,029 | |
GE Healthcare Technologies, Inc. | 118,151 | 9,999,119 | |
Globus Medical, Inc. (a) | 34,237 | 2,463,695 | |
Hologic, Inc. (a) | 70,678 | 5,768,032 | |
Masimo Corp. (a)(b) | 6,288 | 672,690 | |
Medtronic PLC | 406,740 | 32,669,357 | |
QuidelOrtho Corp. (a) | 16,484 | 647,656 | |
ResMed, Inc. | 32,331 | 6,894,586 | |
Solventum Corp. | 42,392 | 2,496,041 | |
STERIS PLC | 30,144 | 7,197,181 | |
Stryker Corp. | 77,841 | 25,489,035 | |
Teleflex, Inc. | 14,402 | 3,181,690 | |
The Cooper Companies, Inc. | 59,691 | 5,570,961 | |
Zimmer Biomet Holdings, Inc. | 62,533 | 6,963,050 | |
241,123,493 | |||
Health Care Providers & Services - 4.4% | |||
Acadia Healthcare Co., Inc. (a) | 27,826 | 1,804,516 | |
Amedisys, Inc. (a) | 9,800 | 960,890 | |
Cardinal Health, Inc. | 30,245 | 3,049,603 | |
Centene Corp. (a) | 163,170 | 12,551,036 | |
Chemed Corp. | 4,077 | 2,324,542 | |
Cigna Group | 77,524 | 27,030,293 | |
CVS Health Corp. | 385,949 | 23,284,303 | |
Elevance Health, Inc. | 59,764 | 31,796,241 | |
Encompass Health Corp. | 30,263 | 2,812,643 | |
HCA Holdings, Inc. | 44,648 | 16,209,456 | |
Henry Schein, Inc. (a) | 39,066 | 2,810,408 | |
Humana, Inc. | 36,876 | 13,334,730 | |
Labcorp Holdings, Inc. | 25,707 | 5,538,316 | |
McKesson Corp. | 22,878 | 14,116,184 | |
Molina Healthcare, Inc. (a) | 6,554 | 2,236,684 | |
Premier, Inc. Class A | 36,405 | 763,777 | |
Quest Diagnostics, Inc. | 33,948 | 4,830,800 | |
R1 RCM, Inc. (a) | 47,969 | 617,841 | |
Tenet Healthcare Corp. (a) | 29,648 | 4,438,306 | |
UnitedHealth Group, Inc. | 262,279 | 151,114,669 | |
Universal Health Services, Inc. Class B | 17,699 | 3,783,338 | |
325,408,576 | |||
Health Care Technology - 0.0% | |||
Certara, Inc. (a) | 36,780 | 574,136 | |
Doximity, Inc. (a)(b) | 33,876 | 948,528 | |
1,522,664 | |||
Life Sciences Tools & Services - 2.7% | |||
10X Genomics, Inc. (a) | 10,504 | 217,118 | |
Agilent Technologies, Inc. | 89,590 | 12,668,026 | |
Avantor, Inc. (a) | 207,427 | 5,548,672 | |
Azenta, Inc. (a) | 16,761 | 1,044,043 | |
Bio-Rad Laboratories, Inc. Class A (a) | 5,904 | 1,997,677 | |
Bio-Techne Corp. | 47,500 | 3,875,525 | |
Bruker Corp. | 11,735 | 803,965 | |
Charles River Laboratories International, Inc. (a) | 15,620 | 3,812,842 | |
Danaher Corp. | 202,565 | 56,126,710 | |
Fortrea Holdings, Inc. (a) | 24,592 | 678,493 | |
Illumina, Inc. (a) | 48,721 | 5,973,195 | |
IQVIA Holdings, Inc. (a) | 48,900 | 12,040,647 | |
Mettler-Toledo International, Inc. (a) | 6,454 | 9,816,728 | |
QIAGEN NV | 67,553 | 3,005,433 | |
Revvity, Inc. | 37,626 | 4,726,202 | |
Sotera Health Co. (a) | 38,402 | 532,636 | |
Thermo Fisher Scientific, Inc. | 116,854 | 71,671,232 | |
Waters Corp. (a) | 7,030 | 2,364,048 | |
West Pharmaceutical Services, Inc. | 8,725 | 2,671,333 | |
199,574,525 | |||
Pharmaceuticals - 3.0% | |||
Bristol-Myers Squibb Co. | 620,647 | 29,517,971 | |
Catalent, Inc. (a) | 55,348 | 3,284,350 | |
Elanco Animal Health, Inc. (a)(b) | 150,550 | 1,963,172 | |
Jazz Pharmaceuticals PLC (a) | 18,611 | 2,051,863 | |
Johnson & Johnson | 738,169 | 116,519,977 | |
Organon & Co. (b) | 78,673 | 1,719,792 | |
Perrigo Co. PLC | 41,445 | 1,171,650 | |
Pfizer, Inc. | 1,734,879 | 52,983,205 | |
Royalty Pharma PLC | 119,689 | 3,371,639 | |
Viatris, Inc. | 362,980 | 4,377,539 | |
Zoetis, Inc. Class A | 24,489 | 4,409,000 | |
221,370,158 | |||
TOTAL HEALTH CARE | 1,178,988,956 | ||
INDUSTRIALS - 14.5% | |||
Aerospace & Defense - 3.4% | |||
BWX Technologies, Inc. | 22,192 | 2,207,882 | |
Curtiss-Wright Corp. | 11,665 | 3,437,676 | |
General Dynamics Corp. | 83,539 | 24,953,935 | |
General Electric Co. | 261,479 | 44,503,726 | |
Hexcel Corp. | 25,300 | 1,675,113 | |
Howmet Aerospace, Inc. | 116,379 | 11,137,470 | |
Huntington Ingalls Industries, Inc. | 12,077 | 3,381,318 | |
L3Harris Technologies, Inc. | 57,925 | 13,142,603 | |
Loar Holdings, Inc. (b) | 293 | 18,313 | |
Lockheed Martin Corp. | 44,420 | 24,072,086 | |
Northrop Grumman Corp. | 42,711 | 20,685,792 | |
RTX Corp. | 406,880 | 47,804,331 | |
Spirit AeroSystems Holdings, Inc. Class A (a)(b) | 31,026 | 1,124,693 | |
Textron, Inc. | 58,172 | 5,404,179 | |
The Boeing Co. (a) | 148,686 | 28,339,552 | |
TransDigm Group, Inc. | 13,290 | 17,200,184 | |
Woodward, Inc. | 18,196 | 2,838,394 | |
251,927,247 | |||
Air Freight & Logistics - 0.8% | |||
C.H. Robinson Worldwide, Inc. | 35,077 | 3,123,607 | |
Expeditors International of Washington, Inc. | 36,136 | 4,510,496 | |
FedEx Corp. | 69,258 | 20,933,231 | |
GXO Logistics, Inc. (a) | 35,895 | 2,009,402 | |
United Parcel Service, Inc. Class B | 223,049 | 29,078,898 | |
59,655,634 | |||
Building Products - 1.1% | |||
A.O. Smith Corp. | 36,753 | 3,125,475 | |
Advanced Drain Systems, Inc. | 12,619 | 2,234,068 | |
Allegion PLC | 26,746 | 3,659,120 | |
Armstrong World Industries, Inc. | 8,809 | 1,157,503 | |
Builders FirstSource, Inc. (a) | 33,362 | 5,583,798 | |
Carlisle Companies, Inc. | 12,588 | 5,269,085 | |
Carrier Global Corp. | 256,640 | 17,479,750 | |
Fortune Brands Innovations, Inc. | 38,138 | 3,081,932 | |
Hayward Holdings, Inc. (a) | 43,596 | 644,785 | |
Johnson Controls International PLC | 208,291 | 14,901,138 | |
Masco Corp. | 67,300 | 5,239,305 | |
Owens Corning | 26,383 | 4,917,264 | |
Simpson Manufacturing Co. Ltd. | 11,742 | 2,255,521 | |
The AZEK Co., Inc. Class A, (a) | 13,082 | 587,251 | |
Trane Technologies PLC | 45,647 | 15,258,879 | |
85,394,874 | |||
Commercial Services & Supplies - 0.5% | |||
Cintas Corp. | 1,348 | 1,029,791 | |
Clean Harbors, Inc. (a) | 15,763 | 3,763,101 | |
Copart, Inc. | 18,143 | 949,423 | |
MSA Safety, Inc. | 11,317 | 2,134,952 | |
RB Global, Inc. | 55,997 | 4,459,041 | |
Republic Services, Inc. | 62,782 | 12,199,798 | |
Stericycle, Inc. (a) | 28,186 | 1,650,290 | |
Tetra Tech, Inc. (b) | 12,794 | 2,728,193 | |
Veralto Corp. | 41,545 | 4,427,035 | |
Vestis Corp. | 40,204 | 521,446 | |
33,863,070 | |||
Construction & Engineering - 0.3% | |||
AECOM (b) | 41,507 | 3,760,949 | |
API Group Corp. (a) | 69,548 | 2,635,174 | |
EMCOR Group, Inc. | 8,602 | 3,229,535 | |
MasTec, Inc. (a) | 19,160 | 2,108,175 | |
MDU Resources Group, Inc. | 62,108 | 1,673,190 | |
Quanta Services, Inc. | 30,833 | 8,182,462 | |
Valmont Industries, Inc. | 6,086 | 1,815,819 | |
Willscot Holdings Corp. (a) | 39,872 | 1,634,752 | |
25,040,056 | |||
Electrical Equipment - 1.5% | |||
Acuity Brands, Inc. (b) | 9,416 | 2,366,712 | |
AMETEK, Inc. | 70,614 | 12,250,117 | |
Eaton Corp. PLC | 122,154 | 37,231,318 | |
Emerson Electric Co. | 174,820 | 20,473,170 | |
GE Vernova LLC | 83,357 | 14,857,552 | |
Generac Holdings, Inc. (a) | 9,182 | 1,429,454 | |
Hubbell, Inc. | 16,376 | 6,479,164 | |
nVent Electric PLC | 50,516 | 3,668,977 | |
Regal Rexnord Corp. | 20,300 | 3,261,804 | |
Rockwell Automation, Inc. | 31,830 | 8,869,430 | |
Sensata Technologies PLC | 45,695 | 1,781,648 | |
112,669,346 | |||
Ground Transportation - 1.0% | |||
Avis Budget Group, Inc. | 3,191 | 322,323 | |
CSX Corp. | 597,785 | 20,982,254 | |
J.B. Hunt Transport Services, Inc. | 25,395 | 4,397,144 | |
Knight-Swift Transportation Holdings, Inc. | 47,851 | 2,604,530 | |
Landstar System, Inc. | 10,876 | 2,069,159 | |
Lyft, Inc. (a) | 34,334 | 413,725 | |
Norfolk Southern Corp. | 69,134 | 17,253,081 | |
Ryder System, Inc. (b) | 13,174 | 1,846,468 | |
Saia, Inc. (a) | 3,369 | 1,407,737 | |
Schneider National, Inc. Class B (b) | 14,355 | 386,293 | |
U-Haul Holding Co. (a)(b) | 1,376 | 91,903 | |
U-Haul Holding Co. (non-vtg.) (b) | 17,344 | 1,105,333 | |
Union Pacific Corp. | 97,256 | 23,995,973 | |
76,875,923 | |||
Industrial Conglomerates - 0.7% | |||
3M Co. | 137,626 | 17,554,196 | |
Honeywell International, Inc. | 168,490 | 34,498,328 | |
52,052,524 | |||
Machinery - 3.5% | |||
AGCO Corp. | 19,031 | 1,796,907 | |
Allison Transmission Holdings, Inc. | 26,727 | 2,367,745 | |
Caterpillar, Inc. | 128,372 | 44,442,386 | |
CNH Industrial NV | 266,961 | 2,843,135 | |
Crane Co. | 14,955 | 2,399,081 | |
Cummins, Inc. | 41,790 | 12,194,322 | |
Deere & Co. | 77,943 | 28,993,237 | |
Donaldson Co., Inc. | 36,718 | 2,747,241 | |
Dover Corp. | 41,940 | 7,727,864 | |
ESAB Corp. (b) | 17,291 | 1,756,766 | |
Flowserve Corp. | 40,155 | 2,029,835 | |
Fortive Corp. | 107,624 | 7,732,784 | |
Gates Industrial Corp. PLC (a) | 62,669 | 1,165,017 | |
Graco, Inc. | 51,150 | 4,350,308 | |
IDEX Corp. | 23,167 | 4,829,856 | |
Illinois Tool Works, Inc. | 56,620 | 14,000,994 | |
Ingersoll Rand, Inc. | 123,442 | 12,393,577 | |
ITT, Inc. | 25,195 | 3,564,085 | |
Lincoln Electric Holdings, Inc. | 12,168 | 2,499,429 | |
Middleby Corp. (a) | 16,283 | 2,207,649 | |
Nordson Corp. | 17,352 | 4,343,726 | |
Oshkosh Corp. | 19,947 | 2,167,242 | |
Otis Worldwide Corp. | 123,569 | 11,677,271 | |
PACCAR, Inc. | 157,337 | 15,522,868 | |
Parker Hannifin Corp. | 39,138 | 21,962,680 | |
Pentair PLC | 50,490 | 4,436,556 | |
RBC Bearings, Inc. (a)(b) | 8,691 | 2,527,690 | |
Snap-On, Inc. | 15,822 | 4,541,389 | |
Stanley Black & Decker, Inc. | 47,000 | 4,964,140 | |
Timken Co. (b) | 19,759 | 1,718,045 | |
Toro Co. (b) | 31,933 | 3,056,946 | |
Westinghouse Air Brake Tech Co. | 53,503 | 8,622,008 | |
Xylem, Inc. | 73,910 | 9,866,985 | |
257,449,764 | |||
Marine Transportation - 0.0% | |||
Kirby Corp. (a) | 17,739 | 2,179,768 | |
Passenger Airlines - 0.3% | |||
Alaska Air Group, Inc. (a) | 38,370 | 1,440,026 | |
American Airlines Group, Inc. (a)(b) | 185,760 | 1,976,486 | |
Delta Air Lines, Inc. | 197,024 | 8,475,972 | |
Southwest Airlines Co. | 182,721 | 4,922,504 | |
United Airlines Holdings, Inc. (a) | 100,119 | 4,547,405 | |
21,362,393 | |||
Professional Services - 0.9% | |||
Automatic Data Processing, Inc. | 9,056 | 2,378,287 | |
Broadridge Financial Solutions, Inc. | 3,115 | 666,610 | |
CACI International, Inc. (a) | 6,750 | 3,114,990 | |
Clarivate PLC (a)(b) | 124,827 | 841,334 | |
Concentrix Corp. (b) | 14,523 | 1,023,872 | |
Dayforce, Inc. (a)(b) | 40,519 | 2,401,966 | |
Dun & Bradstreet Holdings, Inc. (b) | 92,482 | 1,006,204 | |
Equifax, Inc. | 30,020 | 8,386,687 | |
FTI Consulting, Inc. (a) | 10,754 | 2,344,049 | |
Genpact Ltd. | 53,715 | 1,862,299 | |
Jacobs Solutions, Inc. | 38,126 | 5,579,740 | |
KBR, Inc. | 37,200 | 2,477,148 | |
Leidos Holdings, Inc. | 41,231 | 5,953,756 | |
ManpowerGroup, Inc. | 14,616 | 1,119,293 | |
Parsons Corp. (a) | 13,990 | 1,278,266 | |
Paychex, Inc. | 63,055 | 8,072,301 | |
Paycom Software, Inc. | 5,762 | 961,044 | |
Paycor HCM, Inc. (a) | 20,045 | 248,758 | |
Robert Half, Inc. | 31,251 | 2,006,002 | |
Science Applications International Corp. | 15,625 | 1,943,750 | |
SS&C Technologies Holdings, Inc. | 65,722 | 4,794,420 | |
TransUnion | 55,962 | 5,051,130 | |
63,511,906 | |||
Trading Companies & Distributors - 0.5% | |||
Air Lease Corp. Class A (b) | 31,889 | 1,582,332 | |
Core & Main, Inc. (a) | 17,402 | 930,485 | |
Fastenal Co. | 27,488 | 1,944,776 | |
Ferguson PLC | 57,732 | 12,854,030 | |
MSC Industrial Direct Co., Inc. Class A | 14,031 | 1,248,057 | |
SiteOne Landscape Supply, Inc. (a)(b) | 8,604 | 1,262,035 | |
United Rentals, Inc. | 15,405 | 11,663,126 | |
W.W. Grainger, Inc. | 1,744 | 1,703,557 | |
Watsco, Inc. (b) | 10,575 | 5,176,357 | |
WESCO International, Inc. | 13,336 | 2,333,133 | |
40,697,888 | |||
TOTAL INDUSTRIALS | 1,082,680,393 | ||
INFORMATION TECHNOLOGY - 9.1% | |||
Communications Equipment - 1.1% | |||
Ciena Corp. (a) | 44,014 | 2,321,298 | |
Cisco Systems, Inc. | 1,240,708 | 60,112,303 | |
F5, Inc. (a) | 17,862 | 3,637,418 | |
Juniper Networks, Inc. | 98,301 | 3,704,965 | |
Lumentum Holdings, Inc. (a) | 20,407 | 1,056,674 | |
Motorola Solutions, Inc. | 26,416 | 10,537,871 | |
Ubiquiti, Inc. (b) | 715 | 132,683 | |
81,503,212 | |||
Electronic Equipment, Instruments & Components - 0.9% | |||
Amphenol Corp. Class A | 150,696 | 9,683,725 | |
Arrow Electronics, Inc. (a) | 16,464 | 2,036,432 | |
Avnet, Inc. | 27,453 | 1,475,873 | |
CDW Corp. | 20,422 | 4,454,242 | |
Cognex Corp. | 49,724 | 2,467,305 | |
Coherent Corp. (a) | 40,425 | 2,816,814 | |
Corning, Inc. | 234,436 | 9,379,784 | |
Crane NXT Co. | 14,987 | 942,383 | |
IPG Photonics Corp. (a) | 8,696 | 699,158 | |
Jabil, Inc. | 32,975 | 3,715,293 | |
Keysight Technologies, Inc. (a) | 53,295 | 7,438,383 | |
Littelfuse, Inc. | 7,463 | 1,993,442 | |
TD SYNNEX Corp. | 23,046 | 2,746,392 | |
Teledyne Technologies, Inc. (a) | 14,351 | 6,054,113 | |
Trimble, Inc. (a) | 74,478 | 4,062,030 | |
Vontier Corp. (b) | 47,221 | 1,852,480 | |
Zebra Technologies Corp. Class A (a) | 12,294 | 4,317,530 | |
66,135,379 | |||
IT Services - 2.0% | |||
Accenture PLC Class A | 192,002 | 63,479,701 | |
Akamai Technologies, Inc. (a) | 46,042 | 4,525,008 | |
Amdocs Ltd. | 35,026 | 3,063,724 | |
Cognizant Technology Solutions Corp. Class A | 152,241 | 11,521,599 | |
DXC Technology Co. (a)(b) | 55,479 | 1,128,443 | |
EPAM Systems, Inc. (a) | 15,919 | 3,424,654 | |
Globant SA (a) | 3,189 | 620,930 | |
IBM Corp. | 280,714 | 53,936,388 | |
Kyndryl Holdings, Inc. (a) | 69,524 | 1,868,110 | |
Okta, Inc. (a) | 26,137 | 2,455,310 | |
Twilio, Inc. Class A (a)(b) | 42,718 | 2,525,915 | |
VeriSign, Inc. (a) | 24,803 | 4,638,409 | |
153,188,191 | |||
Semiconductors & Semiconductor Equipment - 3.6% | |||
Advanced Micro Devices, Inc. (a) | 167,480 | 24,197,510 | |
Allegro MicroSystems LLC (a) | 23,000 | 552,920 | |
Amkor Technology, Inc. | 34,474 | 1,125,921 | |
Analog Devices, Inc. | 151,613 | 35,080,216 | |
Applied Materials, Inc. | 20,620 | 4,375,564 | |
Astera Labs, Inc. (b) | 6,401 | 280,620 | |
Cirrus Logic, Inc. (a) | 16,441 | 2,145,222 | |
First Solar, Inc. (a) | 32,609 | 7,043,218 | |
GlobalFoundries, Inc. (a)(b) | 30,067 | 1,533,718 | |
Intel Corp. | 1,303,944 | 40,083,239 | |
Lattice Semiconductor Corp. (a) | 5,580 | 295,740 | |
MACOM Technology Solutions Holdings, Inc. (a) | 17,059 | 1,721,594 | |
Marvell Technology, Inc. | 241,178 | 16,154,102 | |
Microchip Technology, Inc. | 162,192 | 14,399,406 | |
Micron Technology, Inc. | 337,303 | 37,042,615 | |
MKS Instruments, Inc. | 19,239 | 2,422,190 | |
ON Semiconductor Corp. (a) | 131,308 | 10,274,851 | |
Onto Innovation, Inc. (a) | 11,128 | 2,128,786 | |
Qorvo, Inc. (a) | 29,458 | 3,529,068 | |
Qualcomm, Inc. | 21,186 | 3,833,607 | |
Skyworks Solutions, Inc. | 49,121 | 5,581,128 | |
Teradyne, Inc. | 4,166 | 546,413 | |
Texas Instruments, Inc. | 244,817 | 49,896,153 | |
Universal Display Corp. | 7,075 | 1,575,037 | |
Wolfspeed, Inc. (a)(b) | 38,063 | 717,488 | |
266,536,326 | |||
Software - 1.0% | |||
ANSYS, Inc. (a) | 26,683 | 8,368,589 | |
Aspen Technology, Inc. (a) | 8,224 | 1,545,701 | |
Bill Holdings, Inc. (a) | 23,520 | 1,175,059 | |
CCC Intelligent Solutions Holdings, Inc. Class A (a) | 136,316 | 1,398,602 | |
Dolby Laboratories, Inc. Class A | 17,873 | 1,407,677 | |
DoubleVerify Holdings, Inc. (a) | 19,322 | 408,081 | |
Dropbox, Inc. Class A (a) | 52,845 | 1,264,052 | |
Fair Isaac Corp. (a) | 1,132 | 1,811,200 | |
Fortinet, Inc. (a) | 35,523 | 2,061,755 | |
Gen Digital, Inc. | 172,118 | 4,473,347 | |
Guidewire Software, Inc. (a) | 13,642 | 2,047,255 | |
HashiCorp, Inc. (a) | 6,413 | 216,439 | |
Informatica, Inc. (a) | 19,530 | 467,548 | |
MicroStrategy, Inc. Class A (a) | 4,488 | 7,245,607 | |
nCino, Inc. (a) | 9,615 | 314,987 | |
Nutanix, Inc. Class A (a) | 53,175 | 2,685,869 | |
PTC, Inc. (a) | 14,229 | 2,530,628 | |
Roper Technologies, Inc. | 32,666 | 17,794,804 | |
Salesforce, Inc. | 43,612 | 11,286,786 | |
SentinelOne, Inc. (a)(b) | 58,815 | 1,346,864 | |
Tyler Technologies, Inc. (a) | 1,945 | 1,104,974 | |
UiPath, Inc. Class A (a) | 16,775 | 204,152 | |
Unity Software, Inc. (a)(b) | 50,572 | 827,358 | |
Zoom Video Communications, Inc. Class A (a) | 76,225 | 4,603,990 | |
76,591,324 | |||
Technology Hardware, Storage & Peripherals - 0.5% | |||
Dell Technologies, Inc. | 63,800 | 7,252,784 | |
Hewlett Packard Enterprise Co. | 396,857 | 7,901,423 | |
HP, Inc. | 226,754 | 8,183,552 | |
NetApp, Inc. | 34,785 | 4,416,999 | |
Pure Storage, Inc. Class A (a) | 11,351 | 680,265 | |
Western Digital Corp. (a) | 99,792 | 6,691,054 | |
35,126,077 | |||
TOTAL INFORMATION TECHNOLOGY | 679,080,509 | ||
MATERIALS - 4.6% | |||
Chemicals - 2.5% | |||
Air Products & Chemicals, Inc. | 67,905 | 17,916,734 | |
Albemarle Corp. (b) | 35,875 | 3,360,411 | |
Ashland, Inc. | 15,272 | 1,476,039 | |
Axalta Coating Systems Ltd. (a) | 67,353 | 2,401,134 | |
Celanese Corp. | 25,377 | 3,581,964 | |
CF Industries Holdings, Inc. | 57,252 | 4,373,480 | |
Corteva, Inc. | 213,960 | 12,003,156 | |
Dow, Inc. | 215,273 | 11,725,920 | |
DuPont de Nemours, Inc. | 127,915 | 10,706,486 | |
Eastman Chemical Co. | 35,763 | 3,695,391 | |
Ecolab, Inc. | 10,082 | 2,325,817 | |
Element Solutions, Inc. | 68,437 | 1,844,377 | |
FMC Corp. | 38,078 | 2,222,232 | |
Huntsman Corp. | 49,968 | 1,195,734 | |
International Flavors & Fragrances, Inc. | 78,208 | 7,780,132 | |
Linde PLC | 147,021 | 66,674,024 | |
LyondellBasell Industries NV Class A | 79,618 | 7,918,806 | |
NewMarket Corp. | 2,057 | 1,153,710 | |
Olin Corp. | 36,517 | 1,665,540 | |
PPG Industries, Inc. | 71,479 | 9,076,403 | |
RPM International, Inc. | 30,087 | 3,654,367 | |
Sherwin-Williams Co. | 6,386 | 2,240,209 | |
The Chemours Co. LLC | 42,215 | 1,020,337 | |
The Mosaic Co. | 97,835 | 2,912,548 | |
The Scotts Miracle-Gro Co. (b) | 12,987 | 1,020,778 | |
Westlake Corp. | 10,253 | 1,516,009 | |
185,461,738 | |||
Construction Materials - 0.5% | |||
CRH PLC | 210,172 | 18,011,740 | |
Eagle Materials, Inc. (b) | 2,533 | 689,736 | |
Martin Marietta Materials, Inc. | 17,700 | 10,502,295 | |
Vulcan Materials Co. | 30,032 | 8,244,084 | |
37,447,855 | |||
Containers & Packaging - 0.6% | |||
Amcor PLC | 439,867 | 4,631,800 | |
Aptargroup, Inc. | 20,186 | 2,966,938 | |
Avery Dennison Corp. | 15,265 | 3,309,910 | |
Ball Corp. | 95,228 | 6,078,403 | |
Berry Global Group, Inc. | 35,418 | 2,327,671 | |
Crown Holdings, Inc. | 35,755 | 3,171,469 | |
Graphic Packaging Holding Co. (b) | 92,992 | 2,799,059 | |
International Paper Co. | 105,947 | 4,924,417 | |
Packaging Corp. of America | 27,112 | 5,418,875 | |
Sealed Air Corp. | 42,081 | 1,601,182 | |
Silgan Holdings, Inc. | 25,343 | 1,303,390 | |
Smurfit Westrock PLC | 78,222 | 3,507,474 | |
Sonoco Products Co. | 29,946 | 1,614,688 | |
43,655,276 | |||
Metals & Mining - 1.0% | |||
Alcoa Corp. (b) | 76,623 | 2,531,624 | |
ATI, Inc. (a) | 37,732 | 2,554,834 | |
Cleveland-Cliffs, Inc. (a)(b) | 96,326 | 1,478,604 | |
Freeport-McMoRan, Inc. | 437,846 | 19,882,587 | |
MP Materials Corp. (a)(b) | 40,051 | 541,490 | |
Newmont Corp. | 353,135 | 17,328,334 | |
Nucor Corp. | 73,317 | 11,946,272 | |
Reliance, Inc. | 17,463 | 5,318,531 | |
Royal Gold, Inc. | 20,082 | 2,773,726 | |
Steel Dynamics, Inc. | 45,453 | 6,055,249 | |
United States Steel Corp. (b) | 68,135 | 2,799,667 | |
73,210,918 | |||
Paper & Forest Products - 0.0% | |||
Louisiana-Pacific Corp. | 5,949 | 583,954 | |
TOTAL MATERIALS | 340,359,741 | ||
REAL ESTATE - 4.7% | |||
Equity Real Estate Investment Trusts (REITs) - 4.3% | |||
Agree Realty Corp. | 30,286 | 2,088,825 | |
Alexandria Real Estate Equities, Inc. | 52,976 | 6,213,555 | |
American Homes 4 Rent Class A | 103,250 | 3,726,293 | |
Americold Realty Trust | 86,894 | 2,597,262 | |
AvalonBay Communities, Inc. | 43,386 | 8,890,659 | |
Brixmor Property Group, Inc. | 91,631 | 2,333,842 | |
BXP, Inc. | 48,025 | 3,424,663 | |
Camden Property Trust (SBI) | 31,643 | 3,504,462 | |
Cousins Properties, Inc. | 46,319 | 1,274,236 | |
Crown Castle, Inc. | 132,976 | 14,637,998 | |
CubeSmart | 68,420 | 3,255,424 | |
Digital Realty Trust, Inc. | 98,781 | 14,766,772 | |
EastGroup Properties, Inc. | 14,608 | 2,731,550 | |
EPR Properties | 22,846 | 1,028,070 | |
Equinix, Inc. | 27,439 | 21,683,395 | |
Equity Lifestyle Properties, Inc. | 56,353 | 3,870,324 | |
Equity Residential (SBI) | 115,526 | 8,044,075 | |
Essex Property Trust, Inc. | 19,524 | 5,434,701 | |
Extra Space Storage, Inc. | 63,968 | 10,210,572 | |
Federal Realty Investment Trust (SBI) | 25,203 | 2,813,915 | |
First Industrial Realty Trust, Inc. | 40,383 | 2,209,758 | |
Gaming & Leisure Properties | 79,652 | 3,998,530 | |
Healthcare Realty Trust, Inc. | 116,263 | 2,056,692 | |
Healthpeak Properties, Inc. | 216,798 | 4,730,532 | |
Highwoods Properties, Inc. (SBI) | 31,889 | 987,602 | |
Host Hotels & Resorts, Inc. | 213,145 | 3,732,169 | |
Invitation Homes, Inc. | 187,163 | 6,601,239 | |
Iron Mountain, Inc. | 38,201 | 3,917,895 | |
Kilroy Realty Corp. | 35,736 | 1,321,160 | |
Kimco Realty Corp. | 201,455 | 4,377,617 | |
Lamar Advertising Co. Class A | 19,918 | 2,387,371 | |
Medical Properties Trust, Inc. (b) | 181,513 | 873,078 | |
Mid-America Apartment Communities, Inc. | 35,514 | 4,963,792 | |
National Storage Affiliates Trust | 21,902 | 932,368 | |
NNN (REIT), Inc. | 55,424 | 2,487,983 | |
Omega Healthcare Investors, Inc. | 75,450 | 2,746,380 | |
Park Hotels & Resorts, Inc. | 63,500 | 956,310 | |
Prologis, Inc. | 282,732 | 35,638,369 | |
Public Storage Operating Co. | 41,020 | 12,138,638 | |
Rayonier, Inc. | 45,173 | 1,370,097 | |
Realty Income Corp. | 263,622 | 15,139,811 | |
Regency Centers Corp. | 56,213 | 3,785,383 | |
Rexford Industrial Realty, Inc. (b) | 65,942 | 3,304,354 | |
SBA Communications Corp. Class A | 32,820 | 7,205,303 | |
Simon Property Group, Inc. | 73,625 | 11,297,020 | |
STAG Industrial, Inc. | 55,334 | 2,258,181 | |
Sun Communities, Inc. | 37,718 | 4,780,002 | |
UDR, Inc. | 100,394 | 4,022,788 | |
Ventas, Inc. | 123,341 | 6,714,684 | |
VICI Properties, Inc. | 318,859 | 9,967,532 | |
Vornado Realty Trust | 53,591 | 1,607,194 | |
Welltower, Inc. | 181,049 | 20,141,701 | |
Weyerhaeuser Co. | 222,949 | 7,080,860 | |
WP Carey, Inc. | 66,264 | 3,830,722 | |
322,093,708 | |||
Real Estate Management & Development - 0.4% | |||
CBRE Group, Inc. (a) | 93,559 | 10,545,035 | |
CoStar Group, Inc. (a) | 124,142 | 9,685,559 | |
Howard Hughes Holdings, Inc. | 9,469 | 702,316 | |
Jones Lang LaSalle, Inc. (a)(b) | 9,970 | 2,501,473 | |
Zillow Group, Inc.: | |||
Class A (a) | 14,382 | 681,707 | |
Class C (a) | 48,499 | 2,361,901 | |
26,477,991 | |||
TOTAL REAL ESTATE | 348,571,699 | ||
UTILITIES - 4.5% | |||
Electric Utilities - 3.0% | |||
Alliant Energy Corp. | 78,364 | 4,361,740 | |
American Electric Power Co., Inc. | 161,325 | 15,829,209 | |
Avangrid, Inc. | 21,685 | 773,504 | |
Constellation Energy Corp. | 81,021 | 15,377,786 | |
Duke Energy Corp. | 236,077 | 25,796,134 | |
Edison International | 116,354 | 9,309,484 | |
Entergy Corp. | 65,202 | 7,561,476 | |
Evergy, Inc. | 68,104 | 3,950,032 | |
Eversource Energy | 107,418 | 6,972,502 | |
Exelon Corp. | 306,050 | 11,385,060 | |
FirstEnergy Corp. | 176,088 | 7,379,848 | |
IDACORP, Inc. | 15,463 | 1,511,508 | |
NextEra Energy, Inc. | 629,186 | 48,063,519 | |
NRG Energy, Inc. | 38,652 | 2,905,471 | |
OGE Energy Corp. | 61,128 | 2,369,933 | |
PG&E Corp. | 653,873 | 11,933,182 | |
Pinnacle West Capital Corp. (b) | 34,720 | 2,971,685 | |
PPL Corp. | 225,882 | 6,713,213 | |
Southern Co. | 335,063 | 27,984,462 | |
Xcel Energy, Inc. | 170,122 | 9,914,710 | |
223,064,458 | |||
Gas Utilities - 0.1% | |||
Atmos Energy Corp. | 46,005 | 5,883,119 | |
National Fuel Gas Co. (b) | 27,856 | 1,632,083 | |
UGI Corp. | 64,164 | 1,589,984 | |
9,105,186 | |||
Independent Power and Renewable Electricity Producers - 0.1% | |||
Brookfield Renewable Corp. (b) | 41,315 | 1,160,952 | |
Clearway Energy, Inc.: | |||
Class A | 10,622 | 261,620 | |
Class C | 25,036 | 667,960 | |
The AES Corp. | 216,867 | 3,858,064 | |
5,948,596 | |||
Multi-Utilities - 1.2% | |||
Ameren Corp. | 81,377 | 6,450,755 | |
CenterPoint Energy, Inc. | 193,744 | 5,376,396 | |
CMS Energy Corp. | 91,026 | 5,898,485 | |
Consolidated Edison, Inc. | 105,932 | 10,330,489 | |
Dominion Energy, Inc. | 256,351 | 13,704,524 | |
DTE Energy Co. | 63,229 | 7,620,991 | |
NiSource, Inc. | 137,160 | 4,286,250 | |
Public Service Enterprise Group, Inc. | 152,529 | 12,167,238 | |
Sempra | 193,791 | 15,514,907 | |
WEC Energy Group, Inc. | 96,738 | 8,325,272 | |
89,675,307 | |||
Water Utilities - 0.1% | |||
American Water Works Co., Inc. | 59,654 | 8,492,343 | |
Essential Utilities, Inc. (b) | 77,000 | 3,130,050 | |
11,622,393 | |||
TOTAL UTILITIES | 339,415,940 | ||
TOTAL COMMON STOCKS (Cost $5,196,650,089) | 7,450,584,985 | ||
U.S. Treasury Obligations - 0.0% | |||
Principal Amount (d) | Value ($) | ||
U.S. Treasury Bills, yield at date of purchase 5.31% 8/22/24 (e) (Cost $934,135) | 937,000 | 934,117 | |
Money Market Funds - 1.5% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (f) | 10,818,270 | 10,820,434 | |
Fidelity Securities Lending Cash Central Fund 5.39% (f)(g) | 98,858,738 | 98,868,624 | |
TOTAL MONEY MARKET FUNDS (Cost $109,688,681) | 109,689,058 | ||
TOTAL INVESTMENT IN SECURITIES - 101.2% (Cost $5,307,272,905) | 7,561,208,160 |
NET OTHER ASSETS (LIABILITIES) - (1.2)% | (90,518,692) |
NET ASSETS - 100.0% | 7,470,689,468 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
Purchased | |||||
Equity Index Contracts | |||||
CME E-mini S&P 500 Index Contracts (United States) | 34 | Sep 2024 | 9,448,600 | 106,966 | 106,966 |
CME E-mini S&P MidCap 400 Index Contracts (United States) | 34 | Sep 2024 | 10,608,340 | 528,091 | 528,091 |
TOTAL FUTURES CONTRACTS | 635,057 | ||||
The notional amount of futures purchased as a percentage of Net Assets is 0.2% |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Level 3 security |
(d) | Amount is stated in United States dollars unless otherwise noted. |
(e) | Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $934,117. |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
(h) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $0 or 0.0% of net assets. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
GCI Liberty, Inc. Class A (Escrow) | 5/23/23 | 0 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 8,857,408 | 661,261,900 | 659,298,420 | 695,975 | (454) | - | 10,820,434 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | 153,089,806 | 361,025,400 | 415,246,582 | 328,716 | - | - | 98,868,624 | 0.5% |
Total | 161,947,214 | 1,022,287,300 | 1,074,545,002 | 1,024,691 | (454) | - | 109,689,058 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 309,536,755 | 309,536,755 | - | - |
Consumer Discretionary | 453,211,811 | 453,211,811 | - | - |
Consumer Staples | 575,467,910 | 575,467,910 | - | - |
Energy | 548,371,117 | 548,371,117 | - | - |
Financials | 1,594,900,154 | 1,594,900,154 | - | - |
Health Care | 1,178,988,956 | 1,178,988,956 | - | - |
Industrials | 1,082,680,393 | 1,082,680,393 | - | - |
Information Technology | 679,080,509 | 679,080,509 | - | - |
Materials | 340,359,741 | 340,359,741 | - | - |
Real Estate | 348,571,699 | 348,571,699 | - | - |
Utilities | 339,415,940 | 339,415,940 | - | - |
U.S. Government and Government Agency Obligations | 934,117 | - | 934,117 | - |
Money Market Funds | 109,689,058 | 109,689,058 | - | - |
Total Investments in Securities: | 7,561,208,160 | 7,560,274,043 | 934,117 | - |
Derivative Instruments: Assets | ||||
Futures Contracts | 635,057 | 635,057 | - | - |
Total Assets | 635,057 | 635,057 | - | - |
Total Derivative Instruments: | 635,057 | 635,057 | - | - |
Primary Risk Exposure / Derivative Type | Value | |
Asset ($) | Liability ($) | |
Equity Risk | ||
Futures Contracts (a) | 635,057 | 0 |
Total Equity Risk | 635,057 | 0 |
Total Value of Derivatives | 635,057 | 0 |
Statement of Assets and Liabilities | ||||
As of July 31, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $97,326,386) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $5,197,584,224) | $ | 7,451,519,102 | ||
Fidelity Central Funds (cost $109,688,681) | 109,689,058 | |||
Total Investment in Securities (cost $5,307,272,905) | $ | 7,561,208,160 | ||
Segregated cash with brokers for derivative instruments | 55,624 | |||
Receivable for investments sold | 350,859,004 | |||
Receivable for fund shares sold | 52,578 | |||
Dividends receivable | 7,556,820 | |||
Distributions receivable from Fidelity Central Funds | 162,284 | |||
Receivable for daily variation margin on futures contracts | 207,415 | |||
Other receivables | 31,741 | |||
Total assets | 7,920,133,626 | |||
Liabilities | ||||
Payable for investments purchased | $ | 1,010,325 | ||
Payable for fund shares redeemed | 349,526,591 | |||
Other payables and accrued expenses | 49,424 | |||
Collateral on securities loaned | 98,857,818 | |||
Total liabilities | 449,444,158 | |||
Net Assets | $ | 7,470,689,468 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 5,088,402,127 | ||
Total accumulated earnings (loss) | 2,382,287,341 | |||
Net Assets | $ | 7,470,689,468 | ||
Net Asset Value, offering price and redemption price per share ($7,470,689,468 ÷ 453,690,871 shares) | $ | 16.47 |
Statement of Operations | ||||
Six months ended July 31, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 77,265,789 | ||
Interest | 46,315 | |||
Income from Fidelity Central Funds (including $328,716 from security lending) | 1,024,691 | |||
Total income | 78,336,795 | |||
Expenses | ||||
Custodian fees and expenses | $ | 60,334 | ||
Independent trustees' fees and expenses | 9,135 | |||
Interest | 12,984 | |||
Miscellaneous | 2 | |||
Total expenses before reductions | 82,455 | |||
Expense reductions | (3,776) | |||
Total expenses after reductions | 78,679 | |||
Net Investment income (loss) | 78,258,116 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 100,089,299 | |||
Fidelity Central Funds | (454) | |||
Foreign currency transactions | 2,020 | |||
Futures contracts | 4,182,343 | |||
Total net realized gain (loss) | 104,273,208 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 626,138,056 | |||
Futures contracts | 143,402 | |||
Total change in net unrealized appreciation (depreciation) | 626,281,458 | |||
Net gain (loss) | 730,554,666 | |||
Net increase (decrease) in net assets resulting from operations | $ | 808,812,782 |
Statement of Changes in Net Assets | ||||
Six months ended July 31, 2024 (Unaudited) | Year ended January 31, 2024 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 78,258,116 | $ | 138,013,133 |
Net realized gain (loss) | 104,273,208 | 133,455,775 | ||
Change in net unrealized appreciation (depreciation) | 626,281,458 | 118,586,435 | ||
Net increase (decrease) in net assets resulting from operations | 808,812,782 | 390,055,343 | ||
Distributions to shareholders | (12,583,806) | (262,036,110) | ||
Share transactions | ||||
Proceeds from sales of shares | 1,054,825,321 | 1,228,765,162 | ||
Reinvestment of distributions | 12,583,806 | 262,036,110 | ||
Cost of shares redeemed | (765,685,732) | (902,616,659) | ||
Net increase (decrease) in net assets resulting from share transactions | 301,723,395 | 588,184,613 | ||
Total increase (decrease) in net assets | 1,097,952,371 | 716,203,846 | ||
Net Assets | ||||
Beginning of period | 6,372,737,097 | 5,656,533,251 | ||
End of period | $ | 7,470,689,468 | $ | 6,372,737,097 |
Other Information | ||||
Shares | ||||
Sold | 68,096,897 | 86,831,860 | ||
Issued in reinvestment of distributions | 812,907 | 18,679,553 | ||
Redeemed | (47,813,663) | (62,880,091) | ||
Net increase (decrease) | 21,096,141 | 42,631,322 | ||
Fidelity® Series Large Cap Value Index Fund |
Six months ended (Unaudited) July 31, 2024 | Years ended January 31, 2024 | 2023 | 2022 | 2021 | 2020 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 14.73 | $ | 14.51 | $ | 15.20 | $ | 13.09 | $ | 12.91 | $ | 12.02 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .17 | .34 | .32 | .30 | .29 | .33 | ||||||
Net realized and unrealized gain (loss) | 1.60 | .52 | (.40) | 2.76 | .23 | 1.46 | ||||||
Total from investment operations | 1.77 | .86 | (.08) | 3.06 | .52 | 1.79 | ||||||
Distributions from net investment income | (.02) | (.33) | (.33) | (.30) | (.29) | (.34) | ||||||
Distributions from net realized gain | (.01) | (.31) | (.28) | (.65) | (.05) | (.57) | ||||||
Total distributions | (.03) | (.64) | (.61) | (.95) | (.34) | (.90) C | ||||||
Net asset value, end of period | $ | 16.47 | $ | 14.73 | $ | 14.51 | $ | 15.20 | $ | 13.09 | $ | 12.91 |
Total Return D,E | 12.01 % | 6.12% | (.40)% | 23.41% | 4.14% | 14.94% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions H | -% I,J | -% | -% | -% | -% | -% | ||||||
Expenses net of fee waivers, if any H | - % I,J | -% | -% | -% | -% | -% | ||||||
Expenses net of all reductions H | -% I,J | -% | -% | -% | -% | -% | ||||||
Net investment income (loss) | 2.21% I,J | 2.37% | 2.21% | 1.93% | 2.49% | 2.58% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 7,470,689 | $ | 6,372,737 | $ | 5,656,533 | $ | 5,959,784 | $ | 5,344,271 | $ | 4,036,878 |
Portfolio turnover rate K | 42 % I | 19% | 24% | 27% | 21% | 31% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $2,472,917,344 |
Gross unrealized depreciation | (259,034,724) |
Net unrealized appreciation (depreciation) | $2,213,882,620 |
Tax cost | $5,347,960,597 |
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
Purchases ($) | Sales ($) | |
Fidelity Series Large Cap Value Index Fund | 1,854,683,381 | 1,483,250,463 |
Borrower or Lender | Average Loan Balance ($) | Weighted Average Interest Rate | Interest Expense ($) | |
Fidelity Series Large Cap Value Index Fund | Borrower | 16,774,400 | 5.57% | 12,984 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Series Large Cap Value Index Fund | 35,496 | 864 | 21,164 |
Contents
Municipal Bonds - 98.7% | |||
Principal Amount (a) | Value ($) | ||
Alabama - 2.0% | |||
Auburn Univ. Gen. Fee Rev. Series 2018 A, 5% 6/1/43 | 1,700,000 | 1,776,462 | |
Homewood Ala Edl. Bldg. Auth. Lea (CHF - Horizons II, L.L.C. Student Hsg. & Proj. at Samford Univ.) Series 2024 A: | |||
5.25% 10/1/35 | 1,010,000 | 1,105,127 | |
5.5% 10/1/40 | 1,400,000 | 1,529,107 | |
Homewood Edl. Bldg. Auth. Rev.: | |||
(CHF - Horizons II, L.L.C. Student Hsg. & Proj. at Samford Univ.) Series 2024 C, 5.5% 10/1/54 | 1,115,000 | 1,175,933 | |
Series 2019 A: | |||
4% 12/1/33 | 270,000 | 268,325 | |
4% 12/1/35 | 880,000 | 864,875 | |
4% 12/1/37 | 1,180,000 | 1,147,652 | |
4% 12/1/38 | 225,000 | 216,762 | |
4% 12/1/39 | 1,605,000 | 1,535,812 | |
4% 12/1/41 | 3,845,000 | 3,600,806 | |
4% 12/1/44 | 2,265,000 | 2,073,561 | |
4% 12/1/49 | 530,000 | 473,907 | |
Jefferson County Swr. Rev. Series 2024, 5% 10/1/29 | 1,555,000 | 1,671,064 | |
Lower Alabama Gas District Bonds (No. 2 Proj.) Series 2020, 4%, tender 12/1/25 (b) | 23,020,000 | 23,082,398 | |
Mobile Indl. Dev. Board Poll. Cont. Rev. Bonds (Alabama Pwr. Co. Barry Plant Proj.) Series 2007 C, 3.78%, tender 6/16/26 (b) | 1,615,000 | 1,624,633 | |
Montgomery Med. Clinic Facilities Series 2015: | |||
5% 3/1/26 (c) | 55,000 | 40,541 | |
5% 3/1/36 | 2,315,000 | 1,692,659 | |
Southeast Energy Auth. Rev.: | |||
(Proj. No. 2) Series 2021 B1: | |||
4% 6/1/29 | 1,260,000 | 1,256,511 | |
4% 6/1/30 | 955,000 | 949,168 | |
4% 6/1/31 | 825,000 | 814,970 | |
Bonds (Proj. No. 2) Series 2021 B1, 4%, tender 12/1/31 (b) | 20,155,000 | 20,146,827 | |
Univ. of Alabama Gen. Rev. Series 2019 C, 5% 7/1/31 | 2,755,000 | 3,003,162 | |
TOTAL ALABAMA | 70,050,262 | ||
Alaska - 0.1% | |||
Alaska Int'l. Arpts. Revs. Series 2016 B, 5% 10/1/33 | 2,075,000 | 2,106,551 | |
Arizona - 3.6% | |||
Arizona Board of Regents Ctfs. of Prtn. (Univ. of Arizona Univ. Revs.) Series 2018 B: | |||
5% 6/1/27 | 470,000 | 494,158 | |
5% 6/1/30 | 1,390,000 | 1,482,787 | |
Arizona Health Facilities Auth. Rev. (Banner Health Sys. Proj.) Series 2007 B, S&P Municipal Bond 7 Day High Grade Rate Index + 0.810% 4.9%, tender 1/1/37 (b)(d) | 945,000 | 915,370 | |
Arizona Indl. Dev. Auth. Hosp. Rev. Series 2021 A: | |||
4% 2/1/38 | 1,415,000 | 1,428,254 | |
4% 2/1/39 | 1,415,000 | 1,422,127 | |
Arizona Indl. Dev. Auth. Lease Rev. Series 2020 A: | |||
4% 9/1/37 | 385,000 | 386,560 | |
4% 9/1/38 | 420,000 | 421,349 | |
4% 9/1/39 | 380,000 | 380,283 | |
4% 9/1/40 | 410,000 | 401,133 | |
4% 9/1/46 | 1,000,000 | 933,809 | |
5% 9/1/31 | 185,000 | 198,949 | |
5% 9/1/32 | 285,000 | 306,262 | |
5% 9/1/33 | 390,000 | 419,599 | |
5% 9/1/34 | 330,000 | 355,065 | |
Arizona Indl. Dev. Auth. Rev.: | |||
(Provident Group-Eastern Michigan Univ. Parking Proj.) Series 2018: | |||
5% 5/1/37 | 1,030,000 | 566,500 | |
5% 5/1/43 | 945,000 | 519,750 | |
Series 2019 2, 3.625% 5/20/33 | 1,733,380 | 1,644,858 | |
Arizona State Univ. Revs. Series 2021 C: | |||
5% 7/1/32 | 1,150,000 | 1,290,369 | |
5% 7/1/34 | 1,180,000 | 1,323,663 | |
5% 7/1/35 | 945,000 | 1,058,887 | |
Glendale Indl. Dev. Auth. (Terraces of Phoenix Proj.) Series 2018 A: | |||
5% 7/1/38 | 145,000 | 143,419 | |
5% 7/1/48 | 190,000 | 174,131 | |
Maricopa County Indl. Dev. Auth. (Creighton Univ. Proj.) Series 2020, 5% 7/1/47 | 1,890,000 | 1,972,473 | |
Maricopa County Indl. Dev. Auth. Sr. Living Facilities Series 2016: | |||
5.75% 1/1/36 (e) | 1,735,000 | 1,488,018 | |
6% 1/1/48 (e) | 3,290,000 | 2,516,552 | |
Maricopa County Rev.: | |||
Series 2017 D, 3% 1/1/48 | 4,000,000 | 3,184,917 | |
Series 2019 E, 3% 1/1/49 | 2,375,000 | 1,875,604 | |
Maricopa County Unified School District #48 Scottsdale Series 2017 B: | |||
5% 7/1/31 | 755,000 | 796,149 | |
5% 7/1/32 | 3,070,000 | 3,236,442 | |
Phoenix Ariz Indl. Dev. Auth. Rev.: | |||
(Guam Facilities Foundation, Inc. Projs.) Series 2014, 5.375% 2/1/41 | 2,445,000 | 2,261,628 | |
(Guam Facilities Foundation, Inc. Proj.) Series 2014, 5.125% 2/1/34 | 1,710,000 | 1,621,727 | |
Phoenix Civic Impt. Board Arpt. Rev.: | |||
Series 2017 B: | |||
5% 7/1/30 | 2,475,000 | 2,603,563 | |
5% 7/1/34 | 1,890,000 | 1,976,150 | |
5% 7/1/35 | 1,890,000 | 1,974,738 | |
Series 2019 A, 5% 7/1/44 | 5,300,000 | 5,624,369 | |
Phoenix Civic Impt. Corp. Series 2019 A: | |||
5% 7/1/30 | 1,040,000 | 1,118,804 | |
5% 7/1/32 | 335,000 | 359,225 | |
5% 7/1/36 | 560,000 | 596,747 | |
5% 7/1/37 | 490,000 | 520,716 | |
5% 7/1/38 | 785,000 | 831,925 | |
5% 7/1/45 | 6,800,000 | 7,116,194 | |
Phoenix Civic Impt. Corp. District Rev. (Plaza Expansion Proj.) Series 2005 B, 5.5% 7/1/38 (Nat'l. Pub. Fin. Guarantee Corp. Insured) | 4,720,000 | 5,854,231 | |
Phoenix IDA Student Hsg. Rev. (Downtown Phoenix Student Hsg. II LLC Arizona State Univ. Proj.) Series 2019 A: | |||
5% 7/1/49 | 1,060,000 | 1,072,781 | |
5% 7/1/54 | 3,335,000 | 3,361,230 | |
Pima County Unified School District #1 Tucson Series 2024 A: | |||
5% 7/1/32 (Assured Guaranty Muni. Corp. Insured) | 1,300,000 | 1,480,961 | |
5% 7/1/37 (Assured Guaranty Muni. Corp. Insured) | 1,300,000 | 1,485,120 | |
5% 7/1/41 (Assured Guaranty Muni. Corp. Insured) | 1,850,000 | 2,061,982 | |
5% 7/1/43 (Assured Guaranty Muni. Corp. Insured) | 1,205,000 | 1,331,657 | |
Salt River Proj. Agricultural Impt. & Pwr. District Elec. Sys. Rev. Series 2023 B, 5.25% 1/1/53 | 41,490,000 | 46,053,703 | |
Student &Academic Svcs. Llc (Northern Arizona Univ. Proj.) Series 2024, 5% 6/1/42 (Build America Mutual Assurance Insured) (f) | 1,950,000 | 2,139,996 | |
TOTAL ARIZONA | 122,784,884 | ||
California - 3.7% | |||
Alameda Corridor Trans. Auth. Rev. Series 2024 A: | |||
0% 10/1/52 (Assured Guaranty Muni. Corp. Insured) | 485,000 | 129,450 | |
0% 10/1/53 (Assured Guaranty Muni. Corp. Insured) | 1,665,000 | 421,914 | |
California Gen. Oblig.: | |||
Series 2004: | |||
5.25% 12/1/33 | 35,000 | 35,054 | |
5.5% 4/1/30 | 5,000 | 5,009 | |
Series 2024, 5% 9/1/34 | 5,000,000 | 5,914,406 | |
California Hsg. Fin. Agcy.: | |||
Series 2021 1, 3.5% 11/20/35 | 2,332,928 | 2,237,760 | |
Series 2023 A1, 4.375% 9/20/36 | 5,723,260 | 5,992,410 | |
California Infrastructure and Econ. Dev. Bank Rev. Bonds (Los Angeles County Museum of Art Proj.) Series 2021 A, 1.2%, tender 6/1/28 (b) | 1,000,000 | 890,654 | |
California Muni. Fin. Auth. Student Hsg. (CHF-Davis I, LLC - West Village Student Hsg. Proj.) Series 2018: | |||
5% 5/15/35 | 2,020,000 | 2,129,700 | |
5% 5/15/38 | 2,830,000 | 2,967,490 | |
5% 5/15/43 | 3,775,000 | 3,905,377 | |
California Pub. Works Board Lease Rev. (Various Cap. Projs.) Series 2022 C, 5% 8/1/32 | 2,190,000 | 2,483,863 | |
California Statewide Cmntys. Dev. Auth. Series 2016: | |||
5% 5/15/25 | 945,000 | 956,009 | |
5% 5/15/26 | 945,000 | 969,857 | |
5% 5/15/27 | 945,000 | 970,186 | |
5% 5/15/28 | 945,000 | 970,233 | |
5% 5/15/32 | 1,180,000 | 1,206,694 | |
5% 5/15/33 | 1,415,000 | 1,446,053 | |
5% 5/15/40 | 945,000 | 959,725 | |
California Statewide Cmntys. Dev. Auth. Rev. Series 2015, 5% 2/1/45 (c)(g) | 1,960,874 | 1,372,612 | |
Golden State Tobacco Securitization Corp. Tobacco Settlement Rev. Series 2021 B2, 0% 6/1/66 | 44,735,000 | 5,139,282 | |
Los Angeles Unified School District Series 2024 A, 5% 7/1/34 | 11,035,000 | 13,110,947 | |
Los Angeles Unified School District Ctfs. of Prtn. Series 2023 A, 5% 10/1/32 | 8,225,000 | 9,450,106 | |
Mount Diablo Unified School District Series 2022 B: | |||
4% 8/1/29 | 1,800,000 | 1,910,496 | |
4% 8/1/33 | 1,425,000 | 1,522,922 | |
Poway Unified School District: | |||
(District #2007-1 School Facilities Proj.) Series 2008 A, 0% 8/1/32 | 1,225,000 | 939,842 | |
Series 2011 B, 0% 8/1/51 | 1,355,000 | 397,614 | |
Series B: | |||
0% 8/1/33 | 4,105,000 | 3,031,038 | |
0% 8/1/37 | 7,555,000 | 4,754,013 | |
0% 8/1/38 | 8,400,000 | 5,025,189 | |
0% 8/1/39 | 6,815,000 | 3,875,410 | |
0% 8/1/41 | 4,625,000 | 2,357,898 | |
Poway Unified School District Pub. Fing. Series 2015 A: | |||
5% 9/1/27 | 990,000 | 1,004,319 | |
5% 9/1/30 | 1,295,000 | 1,313,021 | |
Sacramento City Fing. Auth. Rev. Series A, 0% 12/1/26 (Nat'l. Pub. Fin. Guarantee Corp. Insured) | 1,510,000 | 1,395,225 | |
San Diego Cmnty. College District Series 2011, 0% 8/1/35 | 2,830,000 | 1,948,585 | |
San Diego Unified School District: | |||
Series 2008 C: | |||
0% 7/1/34 | 1,225,000 | 884,599 | |
0% 7/1/37 | 4,820,000 | 3,089,149 | |
Series 2008 E, 0% 7/1/47 (h) | 2,455,000 | 1,950,969 | |
San Francisco City & County Arpts. Commission Int'l. Arpt. Rev.: | |||
Series 2019 B, 5% 5/1/49 | 2,765,000 | 2,924,813 | |
Series 2022 B, 5% 5/1/52 | 14,945,000 | 16,245,278 | |
San Marcos Unified School District Series 2010 B, 0% 8/1/47 | 3,495,000 | 1,304,154 | |
Tobacco Securitization Auth. Southern California Tobacco Settlement Series 2019 A1: | |||
5% 6/1/27 | 945,000 | 983,383 | |
5% 6/1/28 | 1,425,000 | 1,503,145 | |
5% 6/1/29 | 945,000 | 1,010,806 | |
Univ. of California Revs.: | |||
Series 2017 AV, 5% 5/15/36 | 1,520,000 | 1,593,641 | |
Series 2021 Q, 3% 5/15/51 | 4,325,000 | 3,477,659 | |
TOTAL CALIFORNIA | 128,107,959 | ||
Colorado - 0.7% | |||
Arkansas River Pwr. Auth. Rev. Series 2018 A: | |||
5% 10/1/38 | 1,370,000 | 1,408,014 | |
5% 10/1/43 | 5,485,000 | 5,594,087 | |
Colorado Health Facilities Auth. Rev. Bonds: | |||
(Parkview Episcopal Med. Ctr., Co. Proj.) Series 2017: | |||
5% 9/1/24 | 210,000 | 210,314 | |
5% 9/1/25 | 245,000 | 250,086 | |
5% 9/1/28 (Pre-Refunded to 9/1/27 @ 100) | 2,075,000 | 2,200,245 | |
Series 2019 A, 4% 11/1/39 | 2,815,000 | 2,758,836 | |
Series 2019 A2: | |||
3.25% 8/1/49 | 2,700,000 | 2,134,403 | |
4% 8/1/49 | 4,390,000 | 4,081,001 | |
Series 2020 A, 4% 9/1/50 (Pre-Refunded to 9/1/30 @ 100) | 1,020,000 | 1,080,993 | |
Series 2021 A, 3% 11/15/51 | 2,600,000 | 1,998,712 | |
Colorado Hsg. & Fin. Auth.: | |||
Series 2019 H, 4.25% 11/1/49 | 595,000 | 597,838 | |
Series 2021 E, 3% 11/1/51 | 1,060,000 | 1,033,446 | |
TOTAL COLORADO | 23,347,975 | ||
Connecticut - 1.9% | |||
Connecticut Gen. Oblig.: | |||
Series 2018 F, 5% 9/15/27 | 945,000 | 1,005,548 | |
Series 2020 A, 4% 1/15/34 | 6,615,000 | 6,863,582 | |
Series 2021 A: | |||
3% 1/15/35 | 1,000,000 | 929,494 | |
3% 1/15/39 | 960,000 | 845,388 | |
3% 1/15/40 | 1,230,000 | 1,063,844 | |
Series 2021 B, 3% 6/1/40 | 1,000,000 | 862,322 | |
Series 2022 B, 3% 1/15/40 | 2,625,000 | 2,270,399 | |
Connecticut Health & Edl. Facilities Auth. Rev.: | |||
(Sacred Heart Univ., CT. Proj.) Series 2017 I-1: | |||
5% 7/1/34 | 990,000 | 1,029,621 | |
5% 7/1/35 | 1,135,000 | 1,176,378 | |
5% 7/1/36 | 380,000 | 393,405 | |
5% 7/1/37 | 1,470,000 | 1,520,079 | |
5% 7/1/42 | 3,570,000 | 3,620,701 | |
Bonds Series 2020 B, 5%, tender 1/1/27 (b) | 4,445,000 | 4,580,380 | |
Series 2016 K, 4% 7/1/46 | 4,215,000 | 3,919,467 | |
Series 2019 A: | |||
5% 7/1/34 (c)(e) | 1,325,000 | 861,250 | |
5% 7/1/49 (c)(e) | 1,925,000 | 1,251,250 | |
Series 2020 A, 4% 7/1/39 | 2,830,000 | 2,803,555 | |
Series 2020 C, 4% 7/1/45 | 3,985,000 | 3,773,482 | |
Series 2020 K: | |||
5% 7/1/37 | 945,000 | 1,018,839 | |
5% 7/1/38 | 1,415,000 | 1,518,304 | |
5% 7/1/39 | 1,465,000 | 1,564,267 | |
5% 7/1/44 (e) | 1,295,000 | 1,242,611 | |
Series 2021 S, 4% 6/1/51 | 1,120,000 | 1,047,116 | |
Series 2022 M: | |||
4% 7/1/37 | 3,305,000 | 3,335,268 | |
4% 7/1/52 | 1,680,000 | 1,581,463 | |
Series G, 5% 7/1/50 (e) | 1,100,000 | 1,022,797 | |
Series K1: | |||
5% 7/1/31 | 1,415,000 | 1,448,977 | |
5% 7/1/35 | 1,210,000 | 1,232,812 | |
Series N: | |||
4% 7/1/39 | 1,165,000 | 984,437 | |
4% 7/1/49 | 1,395,000 | 1,060,755 | |
5% 7/1/32 | 520,000 | 523,775 | |
5% 7/1/33 | 470,000 | 472,599 | |
5% 7/1/34 | 235,000 | 235,894 | |
Connecticut Hsg. Fin. Auth. Series 2019 B1, 4% 5/15/49 | 830,000 | 830,297 | |
Connecticut State Revolving Fund Gen. Rev. Series 2017 A, 5% 5/1/35 | 2,195,000 | 2,300,103 | |
Hbr. Point Infrastructure Impt. District Series 2017: | |||
5% 4/1/30 (e) | 1,895,000 | 1,914,492 | |
5% 4/1/39 (e) | 2,950,000 | 2,969,223 | |
New Haven Gen. Oblig. Series 2016 A, 5% 8/15/25 (Assured Guaranty Muni. Corp. Insured) | 540,000 | 548,786 | |
TOTAL CONNECTICUT | 65,622,960 | ||
District Of Columbia - 1.1% | |||
District of Columbia Gen. Oblig. Series 2017 A, 5% 6/1/33 | 2,170,000 | 2,275,143 | |
District of Columbia Hosp. Rev. Series 2015: | |||
5% 7/15/29 | 3,775,000 | 3,853,519 | |
5% 7/15/30 | 6,130,000 | 6,257,980 | |
Metropolitan Washington Arpts. Auth. Dulles Toll Road Rev.: | |||
(Dulles Metrorail and Cap. Impt. Projs.): | |||
Series 2019 A: | |||
5% 10/1/33 | 1,180,000 | 1,258,741 | |
5% 10/1/34 | 1,890,000 | 2,017,505 | |
5% 10/1/36 | 1,890,000 | 2,011,749 | |
Series 2019 B, 3% 10/1/50 (Assured Guaranty Muni. Corp. Insured) | 4,210,000 | 3,221,031 | |
(Dulles Metrorail And Cap. Impt. Projs.) Series 2019 B, 4% 10/1/49 | 4,975,000 | 4,659,192 | |
(Dulles Metrorail and Cap. Impts. Projs.) Series 2022 A, 3% 10/1/53 (Assured Guaranty Muni. Corp. Insured) | 2,400,000 | 1,791,960 | |
Washington D.C. Metropolitan Transit Auth. Rev. Series 2017 B, 5% 7/1/33 | 4,290,000 | 4,467,135 | |
Washington Metropolitan Area Transit Auth. Series 2024 A, 5% 7/15/56 | 7,090,000 | 7,597,412 | |
TOTAL DISTRICT OF COLUMBIA | 39,411,367 | ||
Florida - 4.9% | |||
Brevard County Health Facilities Auth. Rev. Series 2023 A, 5% 4/1/32 | 2,220,000 | 2,447,542 | |
Broward County School Board Ctfs. of Prtn.: | |||
(Broward County School District Proj.) Series 2016 A, 5% 7/1/28 | 1,505,000 | 1,550,848 | |
Series 2016, 5% 7/1/32 | 965,000 | 986,104 | |
Cap. Projs. Fin. Auth. Student Hsg. Rev. (Cap. Projs. Ln. Prog. - Florida Univs.) Series 2020 A, 5% 10/1/29 | 1,650,000 | 1,722,580 | |
Central Florida Expressway Auth. Sr. Lien Rev. Series 2021: | |||
4% 7/1/34 (Assured Guaranty Muni. Corp. Insured) | 4,015,000 | 4,183,952 | |
4% 7/1/35 (Assured Guaranty Muni. Corp. Insured) | 3,890,000 | 4,034,552 | |
4% 7/1/37 (Assured Guaranty Muni. Corp. Insured) | 4,320,000 | 4,447,698 | |
4% 7/1/38 (Assured Guaranty Muni. Corp. Insured) | 2,700,000 | 2,759,202 | |
4% 7/1/39 (Assured Guaranty Muni. Corp. Insured) | 2,175,000 | 2,216,735 | |
Collier County Indl. Dev. Auth. Healthcare Facilities Rev.: | |||
(NCH Healthcare Sys. Projs.) Series 2024 A: | |||
5% 10/1/49 (Assured Guaranty Muni. Corp. Insured) | 1,380,000 | 1,487,008 | |
5% 10/1/54 (Assured Guaranty Muni. Corp. Insured) | 1,655,000 | 1,765,115 | |
Bonds (NCH Healthcare Sys. Projs.): | |||
Series 2024 B1, 5%, tender 10/1/29 (Assured Guaranty Muni. Corp. Insured) (b) | 530,000 | 565,920 | |
Series 2024 B2, 5%, tender 10/1/31 (Assured Guaranty Muni. Corp. Insured) (b) | 670,000 | 726,146 | |
Duval County School Board Ctfs. of Prtn. Series 2015 B, 5% 7/1/29 | 6,025,000 | 6,122,463 | |
Escambia County Health Facilities Auth. Health Facilities Rev. Series 2020 A, 4% 8/15/45 | 2,255,000 | 2,057,566 | |
Florida Dept. of Trans. Tpk. Rev. Series 2021 C, 3% 7/1/46 | 1,000,000 | 808,411 | |
Florida Dev. Fin. Corp. Healthcare Facility Rev. Bonds (Tampa Gen. Hosp. Proj.) Series 2024 B, 5%, tender 10/1/31 (b) | 4,730,000 | 5,117,079 | |
Florida Dev. Fin. Corp. Student H (SFP - Tampa I - The Henry Proj.) Series 2024 A1: | |||
5.25% 6/1/54 (e) | 2,000,000 | 2,041,441 | |
5.25% 6/1/59 (e) | 1,900,000 | 1,931,977 | |
Florida Higher Edl. Facilities Fing. Auth.: | |||
(St. Leo Univ. Proj.) Series 2019, 5% 3/1/49 | 4,530,000 | 3,236,984 | |
Series 2019, 5% 10/1/27 | 615,000 | 632,790 | |
Florida Hsg. Fin. Corp. Multi-family Mtg. Rev. Bonds Series 2023 C, 5%, tender 12/1/25 (b) | 1,305,000 | 1,332,340 | |
Florida Hsg. Fin. Corp. Rev. Series 2019 1, 4% 7/1/50 | 2,130,000 | 2,128,341 | |
Florida Mid-Bay Bridge Auth. Rev.: | |||
Series 2015 A, 5% 10/1/35 | 2,455,000 | 2,488,142 | |
Series 2015 C, 5% 10/1/35 | 1,890,000 | 1,913,140 | |
Florida Muni. Pwr. Agcy. Rev.: | |||
(Pwr. Supply Proj.) Series 2017 A, 5% 10/1/28 | 380,000 | 405,004 | |
(Requirements Pwr. Supply Proj.) Series 2016 A: | |||
5% 10/1/30 | 930,000 | 960,344 | |
5% 10/1/31 | 1,015,000 | 1,047,045 | |
Series 2015 B, 5% 10/1/29 | 1,180,000 | 1,201,076 | |
Gainesville Utils. Sys. Rev. Series 2017 A, 5% 10/1/35 | 4,720,000 | 4,929,113 | |
Halifax Hosp. Med. Ctr. Rev. Series 2015, 5% 6/1/28 (Pre-Refunded to 6/1/25 @ 100) | 620,000 | 629,213 | |
Hillsborough County School Board Ctfs. of Prtn. Series 2015 A, 5% 7/1/26 | 7,555,000 | 7,655,899 | |
Jacksonville Health Care Facilities (Baptist Med. Ctr. Proj.) Series 2017: | |||
5% 8/15/26 | 1,890,000 | 1,957,615 | |
5% 8/15/34 | 2,595,000 | 2,692,966 | |
Miami Beach Health Facilities Auth. Hosp. Rev. Series 2014 A, 5% 11/15/39 | 1,445,000 | 1,447,412 | |
Miami-Dade County Aviation Rev. Series 2020 A: | |||
4% 10/1/35 | 1,510,000 | 1,539,342 | |
4% 10/1/41 | 1,135,000 | 1,138,348 | |
5% 10/1/31 | 2,020,000 | 2,224,024 | |
Miami-Dade County Expressway Auth.: | |||
Series 2010 A, 5% 7/1/40 | 3,115,000 | 3,117,052 | |
Series 2014 A: | |||
5% 7/1/25 | 1,350,000 | 1,351,355 | |
5% 7/1/27 | 945,000 | 946,232 | |
5% 7/1/28 | 2,100,000 | 2,102,631 | |
5% 7/1/29 | 955,000 | 956,229 | |
Series 2014 B, 5% 7/1/30 | 2,360,000 | 2,363,057 | |
Miami-Dade County Gen. Oblig. Series 2020, 2.25% 7/1/38 | 1,000,000 | 768,701 | |
Miami-Dade County School Board Ctfs. of Prtn.: | |||
Series 2015 A, 5% 5/1/29 | 11,680,000 | 11,805,155 | |
Series 2016 A, 5% 5/1/32 | 9,440,000 | 9,685,669 | |
Series 2016 B, 5% 8/1/26 | 4,255,000 | 4,412,665 | |
Palm Beach County Health Facilities Auth. Hosp. Rev. Series 2019, 4% 8/15/49 | 3,205,000 | 2,951,819 | |
Palm Beach County Health Facilities Auth. Rev. Series 2019 B, 5% 5/15/53 | 3,690,000 | 3,521,930 | |
Palm Beach County School Board Ctfs. of Prtn. Series 2015 D, 5% 8/1/28 | 1,870,000 | 1,901,163 | |
Pinellas County Idr (Drs. Kiran & Pallavi Patel 2017 Foundation for Global Understanding, Inc. Proj.) Series 2019: | |||
5% 7/1/29 | 220,000 | 224,484 | |
5% 7/1/39 | 400,000 | 403,276 | |
South Florida Wtr. Mgmt. District Ctfs. of Prtn. Series 2015: | |||
5% 10/1/27 | 470,000 | 484,967 | |
5% 10/1/28 | 3,775,000 | 3,897,707 | |
5% 10/1/30 | 1,890,000 | 1,942,418 | |
5% 10/1/32 | 3,125,000 | 3,206,550 | |
South Miami Health Facilities Auth. Hosp. Rev. (Baptist Med. Ctr., FL. Proj.) Series 2017: | |||
5% 8/15/29 | 1,395,000 | 1,460,421 | |
5% 8/15/32 | 3,700,000 | 3,857,411 | |
5% 8/15/35 | 665,000 | 692,019 | |
5% 8/15/37 | 4,720,000 | 4,901,743 | |
5% 8/15/42 | 3,210,000 | 3,293,423 | |
Tallahassee Health Facilities Rev.: | |||
(Tallahassee Memorial Healthcare, Inc. Proj.) Series 2016 A: | |||
5% 12/1/29 | 1,345,000 | 1,363,175 | |
5% 12/1/36 | 1,040,000 | 1,047,811 | |
Series 2015 A, 5% 12/1/40 | 945,000 | 947,117 | |
Tampa Hosp. Rev. (H. Lee Moffitt Cancer Ctr. Proj.) Series 2020 B, 4% 7/1/45 | 3,645,000 | 3,504,660 | |
Volusia County Edl. Facilities Auth. Rev. (Embry-Riddle Aeronautical Univ., Inc. Proj.) Series 2020 A: | |||
5% 10/15/44 | 720,000 | 754,648 | |
5% 10/15/49 | 1,340,000 | 1,389,601 | |
Volusia County School Board Ctfs. of Prtn. (Florida Master Lease Prog.) Series 2016 A, 5% 8/1/31 (Build America Mutual Assurance Insured) | 2,090,000 | 2,139,322 | |
TOTAL FLORIDA | 167,925,888 | ||
Georgia - 4.2% | |||
Atlanta Arpt. Rev. Series 2023 B1: | |||
5% 7/1/37 | 1,450,000 | 1,662,302 | |
5% 7/1/39 | 1,000,000 | 1,132,695 | |
5% 7/1/40 | 1,125,000 | 1,266,638 | |
Burke County Indl. Dev. Auth. Poll. Cont. Rev.: | |||
(Georgia Transmission Corp. Proj.) Series 2012, 2.75% 1/1/52 (b) | 2,900,000 | 1,977,689 | |
Bonds (Georgia Pwr. Co. Plant Vogtle Proj.) Series 2013 1, 3.375%, tender 3/12/27 (b) | 1,625,000 | 1,625,623 | |
Coweta County Dev. Auth. Rev. (Piedmont Healthcare, Inc. Proj.) Series 2019 A, 5% 7/1/44 | 6,080,000 | 6,336,612 | |
DeKalb Private Hosp. Auth. Rev. Series 2019 B, 5% 7/1/35 | 1,285,000 | 1,391,792 | |
Fulton County Dev. Auth. Rev.: | |||
Series 2019 C, 5% 7/1/38 | 1,160,000 | 1,246,785 | |
Series 2019, 4% 6/15/49 | 1,115,000 | 1,064,259 | |
Gainesville & Hall County Hosp. Auth. Rev. Series 2020 A, 3% 2/15/47 | 9,015,000 | 7,100,358 | |
Georgia Hsg. & Fin. Auth. Series 2019 B, 3.25% 12/1/49 | 1,750,000 | 1,426,952 | |
Georgia Muni. Elec. Auth. Pwr. Rev. Series 2019 A: | |||
4% 1/1/49 | 5,760,000 | 5,474,912 | |
5% 1/1/30 | 390,000 | 415,619 | |
5% 1/1/32 | 885,000 | 941,700 | |
5% 1/1/34 | 1,815,000 | 1,929,139 | |
5% 1/1/35 | 875,000 | 929,492 | |
5% 1/1/36 | 1,075,000 | 1,140,063 | |
5% 1/1/37 | 1,055,000 | 1,117,058 | |
5% 1/1/38 | 1,085,000 | 1,146,984 | |
5% 1/1/44 | 2,825,000 | 2,937,476 | |
Hosp. Auth. of Savannah Auth. Rev. Series 2019 A: | |||
4% 7/1/35 | 4,620,000 | 4,637,038 | |
4% 7/1/39 | 2,360,000 | 2,356,249 | |
4% 7/1/43 | 2,470,000 | 2,422,422 | |
Main Street Natural Gas, Inc.: | |||
Bonds: | |||
Series 2021 A, 4%, tender 9/1/27 (b) | 21,715,000 | 21,879,945 | |
Series 2021 C, 4%, tender 12/1/28 (b) | 20,380,000 | 20,511,412 | |
Series 2023 D, 5%, tender 12/1/30 (b) | 19,695,000 | 20,893,516 | |
Series 2024 A1, 5%, tender 9/1/31 (b) | 6,450,000 | 6,924,356 | |
Series 2024 A1: | |||
5% 3/1/29 | 2,675,000 | 2,790,843 | |
5% 9/1/29 | 2,240,000 | 2,347,209 | |
5% 3/1/30 | 2,940,000 | 3,083,379 | |
5% 9/1/30 | 2,350,000 | 2,473,092 | |
Series 2024 B: | |||
5% 9/1/30 | 1,000,000 | 1,052,379 | |
5% 3/1/31 | 1,830,000 | 1,926,939 | |
5% 9/1/31 | 850,000 | 897,757 | |
Private Colleges & Univs. Auth. Rev.: | |||
(The Savannah College of Art & Design Projs.) Series 2021: | |||
4% 4/1/38 | 500,000 | 505,484 | |
4% 4/1/40 | 1,320,000 | 1,320,331 | |
5% 4/1/36 | 1,060,000 | 1,159,981 | |
Series 2020 B, 5% 9/1/33 | 2,360,000 | 2,620,626 | |
TOTAL GEORGIA | 142,067,106 | ||
Hawaii - 0.1% | |||
Hawaii Gen. Oblig. Series 2020 C: | |||
4% 7/1/37 | 1,040,000 | 1,069,081 | |
4% 7/1/38 | 1,180,000 | 1,207,734 | |
TOTAL HAWAII | 2,276,815 | ||
Idaho - 0.2% | |||
Idaho Health Facilities Auth. Rev. Series 2015 ID: | |||
5% 12/1/24 | 470,000 | 472,704 | |
5.5% 12/1/27 | 3,070,000 | 3,124,370 | |
Idaho Hsg. & Fin. Assoc. Single Family Mtg.: | |||
(Idaho St Garvee Proj.) Series 2017 A: | |||
5% 7/15/25 | 665,000 | 677,098 | |
5% 7/15/26 | 470,000 | 487,759 | |
Series 2019 A, 4% 1/1/50 | 1,210,000 | 1,209,219 | |
TOTAL IDAHO | 5,971,150 | ||
Illinois - 13.2% | |||
Chicago Board of Ed.: | |||
Series 2015 C, 5.25% 12/1/39 | 755,000 | 755,914 | |
Series 2016 B, 6.5% 12/1/46 | 400,000 | 414,874 | |
Series 2017 A, 7% 12/1/46 (e) | 1,400,000 | 1,502,891 | |
Series 2017 C: | |||
5% 12/1/24 | 1,735,000 | 1,740,009 | |
5% 12/1/25 | 2,670,000 | 2,704,338 | |
5% 12/1/26 | 500,000 | 510,944 | |
Series 2017 D: | |||
5% 12/1/24 | 1,705,000 | 1,709,922 | |
5% 12/1/31 | 1,845,000 | 1,887,013 | |
Series 2017 H, 5% 12/1/36 | 440,000 | 448,310 | |
Series 2018 A: | |||
5% 12/1/24 | 1,590,000 | 1,594,590 | |
5% 12/1/29 | 4,195,000 | 4,339,905 | |
5% 12/1/31 | 850,000 | 878,679 | |
Series 2019 A: | |||
5% 12/1/25 | 2,360,000 | 2,390,351 | |
5% 12/1/26 | 1,985,000 | 2,028,446 | |
5% 12/1/29 | 2,920,000 | 3,058,661 | |
5% 12/1/30 | 3,820,000 | 3,981,928 | |
5% 12/1/32 | 1,700,000 | 1,770,739 | |
Chicago Gen. Oblig.: | |||
Series 2020 A: | |||
5% 1/1/26 | 1,565,000 | 1,592,047 | |
5% 1/1/27 | 7,225,000 | 7,428,724 | |
5% 1/1/29 | 3,645,000 | 3,838,375 | |
5% 1/1/30 | 7,320,000 | 7,776,555 | |
Series 2021 A, 5% 1/1/32 | 4,405,000 | 4,711,889 | |
Chicago Midway Arpt. Rev. Series 2016 B: | |||
4% 1/1/35 | 770,000 | 770,738 | |
5% 1/1/36 | 4,250,000 | 4,323,690 | |
5% 1/1/37 | 5,005,000 | 5,088,959 | |
Chicago O'Hare Int'l. Arpt. Rev.: | |||
Series 2016 B, 5% 1/1/34 | 2,675,000 | 2,729,779 | |
Series 2016 C: | |||
5% 1/1/32 | 4,485,000 | 4,577,951 | |
5% 1/1/33 | 1,230,000 | 1,255,306 | |
5% 1/1/34 | 1,425,000 | 1,454,182 | |
Series 2017 B: | |||
5% 1/1/34 | 1,430,000 | 1,480,477 | |
5% 1/1/35 | 2,400,000 | 2,483,907 | |
5% 1/1/36 | 1,560,000 | 1,613,005 | |
5% 1/1/37 | 6,045,000 | 6,244,620 | |
5% 1/1/38 | 2,125,000 | 2,193,155 | |
Series 2018 B: | |||
4% 1/1/44 | 5,880,000 | 5,763,846 | |
5% 1/1/48 | 1,055,000 | 1,098,858 | |
5% 1/1/53 | 1,060,000 | 1,093,487 | |
Series 2020 A, 4% 1/1/37 | 6,305,000 | 6,459,026 | |
Chicago Transit Auth. Cap. Grant Receipts Rev. Series 2017: | |||
5% 6/1/25 | 705,000 | 713,312 | |
5% 6/1/26 | 1,505,000 | 1,544,855 | |
Cook County Ccsd 034 Glenview Series 2021 A, 2% 12/1/37 | 2,010,000 | 1,546,385 | |
Cook County Gen. Oblig. Series 2016 A, 5% 11/15/29 | 5,770,000 | 5,976,734 | |
Grundy & Will Counties Cmnty. School Gen. Oblig. Series 2018: | |||
5% 2/1/29 | 500,000 | 520,626 | |
5% 2/1/29 (Pre-Refunded to 2/1/27 @ 100) | 135,000 | 141,408 | |
Illinois Fin. Auth.: | |||
Series 2020 A: | |||
3% 5/15/50 | 7,190,000 | 5,667,970 | |
3% 5/15/50 (Build America Mutual Assurance Insured) | 3,390,000 | 2,685,780 | |
3.25% 8/15/49 | 1,340,000 | 1,055,323 | |
Series 2020, 5% 7/1/36 | 4,150,000 | 4,612,497 | |
Series 2021 A, 3% 8/15/48 | 930,000 | 714,605 | |
Illinois Fin. Auth. Academic Facilities (Provident Group UIUC Properties LLC Univ. of Illinois at Urbana-Champaign Proj.) Series 2019 A: | |||
5% 10/1/31 | 190,000 | 203,515 | |
5% 10/1/32 | 275,000 | 293,189 | |
5% 10/1/33 | 470,000 | 498,462 | |
5% 10/1/35 | 285,000 | 301,475 | |
5% 10/1/36 | 285,000 | 300,602 | |
5% 10/1/37 | 330,000 | 347,425 | |
5% 10/1/38 | 355,000 | 371,918 | |
5% 10/1/39 | 610,000 | 637,432 | |
Illinois Fin. Auth. Rev.: | |||
(Bradley Univ. Proj.) Series 2017 C, 5% 8/1/31 | 2,230,000 | 2,309,263 | |
(Depaul Univ. Proj.) Series 2016 A: | |||
4% 10/1/31 | 1,395,000 | 1,404,418 | |
5% 10/1/33 | 1,415,000 | 1,456,696 | |
(Northwestern Memorial Hosp.,IL. Proj.) Series 2017 A: | |||
5% 7/15/25 | 750,000 | 762,776 | |
5% 7/15/30 | 1,405,000 | 1,488,655 | |
(OSF Healthcare Sys.) Series 2018 A: | |||
4.125% 5/15/47 | 10,465,000 | 10,068,552 | |
5% 5/15/43 | 9,440,000 | 9,626,229 | |
(Presence Health Proj.) Series 2016 C: | |||
5% 2/15/29 | 3,260,000 | 3,404,214 | |
5% 2/15/36 | 2,255,000 | 2,343,808 | |
(Rosalind Franklin Univ. Research Bldg. Proj.) Series 2017 C, 5% 8/1/49 | 465,000 | 468,212 | |
(Rush Univ. Med. Ctr. Proj.) Series 2015 A, 5% 11/15/34 | 1,135,000 | 1,145,436 | |
Series 2015 A, 5% 11/15/31 | 3,305,000 | 3,349,488 | |
Series 2016 A, 5.25% 8/15/29 (Pre-Refunded to 8/15/26 @ 100) | 960,000 | 997,738 | |
Series 2016 B: | |||
5% 8/15/30 | 2,830,000 | 2,953,970 | |
5% 8/15/33 | 4,330,000 | 4,485,466 | |
5% 8/15/34 | 2,280,000 | 2,361,537 | |
Series 2016 C: | |||
3.75% 2/15/34 | 685,000 | 668,706 | |
4% 2/15/36 | 2,915,000 | 2,900,487 | |
4% 2/15/41 | 8,645,000 | 8,486,151 | |
5% 2/15/31 | 1,965,000 | 2,048,449 | |
Series 2016: | |||
4% 2/15/41 (Pre-Refunded to 2/15/27 @ 100) | 20,000 | 20,380 | |
5% 12/1/29 | 970,000 | 993,069 | |
Series 2017 A, 5% 8/1/47 | 405,000 | 408,405 | |
Series 2017: | |||
5% 7/1/33 | 3,175,000 | 3,299,550 | |
5% 7/1/34 | 2,610,000 | 2,712,572 | |
5% 7/1/35 | 530,000 | 550,597 | |
Series 2019: | |||
4% 9/1/37 | 380,000 | 328,580 | |
4% 9/1/39 | 945,000 | 792,338 | |
5% 9/1/30 | 180,000 | 180,779 | |
5% 9/1/38 | 850,000 | 814,285 | |
Illinois Gen. Oblig.: | |||
Seriers 2024 B, 5% 5/1/39 | 2,250,000 | 2,499,843 | |
Series 2006, 5.5% 1/1/31 | 1,835,000 | 2,069,562 | |
Series 2014: | |||
5% 2/1/25 | 2,120,000 | 2,122,751 | |
5% 2/1/27 | 1,155,000 | 1,156,451 | |
5% 4/1/28 | 550,000 | 550,586 | |
5% 5/1/28 | 3,140,000 | 3,143,077 | |
5% 5/1/32 | 1,320,000 | 1,321,220 | |
5% 5/1/33 | 1,510,000 | 1,511,092 | |
5.25% 2/1/29 | 2,830,000 | 2,833,816 | |
5.25% 2/1/30 | 2,550,000 | 2,553,415 | |
5.25% 2/1/31 | 1,230,000 | 1,231,411 | |
Series 2016: | |||
5% 2/1/26 | 945,000 | 969,526 | |
5% 6/1/26 | 575,000 | 593,079 | |
5% 2/1/27 | 3,535,000 | 3,684,353 | |
5% 2/1/28 | 3,300,000 | 3,431,149 | |
5% 2/1/29 | 3,100,000 | 3,229,282 | |
Series 2017 A, 5% 12/1/26 | 3,165,000 | 3,290,171 | |
Series 2018 A: | |||
5% 10/1/26 | 1,415,000 | 1,467,176 | |
5% 10/1/28 | 3,305,000 | 3,528,989 | |
Series 2020 B, 4% 10/1/32 | 5,055,000 | 5,139,938 | |
Series 2021 A: | |||
5% 3/1/32 | 100,000 | 109,963 | |
5% 3/1/35 | 710,000 | 777,828 | |
5% 3/1/36 | 565,000 | 617,382 | |
5% 3/1/37 | 710,000 | 773,650 | |
5% 3/1/46 | 2,830,000 | 2,990,435 | |
Series 2021 B, 4% 12/1/34 | 3,355,000 | 3,388,923 | |
Series 2022 A: | |||
5% 3/1/32 | 1,755,000 | 1,953,273 | |
5% 3/1/36 | 7,365,000 | 8,107,876 | |
5.25% 3/1/37 | 1,605,000 | 1,790,063 | |
Series 2022 B: | |||
5% 3/1/29 | 3,495,000 | 3,753,338 | |
5% 3/1/32 | 1,550,000 | 1,725,113 | |
Series 2023 B: | |||
5% 5/1/36 | 1,450,000 | 1,599,169 | |
5.25% 5/1/38 | 6,750,000 | 7,511,966 | |
5.25% 5/1/40 | 3,005,000 | 3,318,381 | |
Series 2023 C, 5% 5/1/29 | 3,945,000 | 4,246,039 | |
Series 2023 D, 5% 7/1/28 | 3,305,000 | 3,516,734 | |
Series 2024 B: | |||
5% 5/1/35 | 3,045,000 | 3,439,362 | |
5.25% 5/1/45 | 2,050,000 | 2,254,229 | |
5.25% 5/1/47 | 1,505,000 | 1,641,488 | |
Illinois Hsg. Dev. Auth. Series 2021, 3% 4/1/51 | 5,330,000 | 5,186,854 | |
Illinois Hsg. Dev. Auth. Multi-family Hsg. Rev. Series 2019, 2.9% 7/1/35 | 4,418,355 | 3,913,832 | |
Illinois Hsg. Dev. Auth. Rev.: | |||
Series 2016 C, 2.9% 8/1/31 | 490,000 | 447,325 | |
Series 2019 D, 2.7% 10/1/34 | 485,000 | 434,947 | |
Illinois Muni. Elec. Agcy. Pwr. Supply Series 2015 A, 5% 2/1/31 | 1,785,000 | 1,808,762 | |
Illinois Sales Tax Rev.: | |||
Series 2021 A, 3% 6/15/33 (Build America Mutual Assurance Insured) | 2,720,000 | 2,567,346 | |
Series 2024 A: | |||
5% 6/15/31 | 4,535,000 | 4,995,741 | |
5% 6/15/32 | 3,805,000 | 4,237,842 | |
5% 6/15/34 | 5,495,000 | 6,229,949 | |
Illinois Toll Hwy. Auth. Toll Hwy. Rev.: | |||
Series 2016 A, 5% 12/1/31 | 890,000 | 909,693 | |
Series 2019 A, 5% 1/1/44 | 1,060,000 | 1,119,145 | |
Kane, Cook & DuPage Counties School District #46 Elgin Series 2024: | |||
5% 1/1/31 | 650,000 | 714,450 | |
5% 1/1/35 | 700,000 | 781,588 | |
Kane, McHenry, Cook & DeKalb Counties Unit School District #300: | |||
Series 2015 5% 1/1/28 | 2,625,000 | 2,641,860 | |
Series 2017, 5% 1/1/29 | 970,000 | 1,015,322 | |
Kendall, Kane & Will Counties Cmnty. Unit School District #308 Series 2016, 5% 2/1/33 | 10,270,000 | 10,469,320 | |
Lake County Cmnty. Consolidated School District #73 Gen. Oblig. Series 2021, 2.25% 1/1/40 | 1,245,000 | 942,551 | |
McHenry County Cmnty. School District #200 Series 2006 B: | |||
0% 1/15/25 | 4,190,000 | 4,121,222 | |
0% 1/15/26 | 3,150,000 | 2,988,139 | |
Metropolitan Pier & Exposition: | |||
(McCormick Place Expansion Proj.): | |||
Series 2010 B1: | |||
0% 6/15/43 (Assured Guaranty Muni. Corp. Insured) | 30,875,000 | 13,529,777 | |
0% 6/15/44 (Assured Guaranty Muni. Corp. Insured) | 7,170,000 | 2,980,410 | |
0% 6/15/45 (Assured Guaranty Muni. Corp. Insured) | 11,465,000 | 4,517,788 | |
0% 6/15/47 (Assured Guaranty Muni. Corp. Insured) | 10,015,000 | 3,557,976 | |
Series 2012 B, 0% 12/15/51 | 5,570,000 | 1,518,182 | |
Series 1994, 0% 6/15/29 (FGIC Insured) | 5,735,000 | 4,805,717 | |
Series 2002 A, 0% 6/15/35 (Nat'l. Pub. Fin. Guarantee Corp. Insured) | 7,835,000 | 5,133,110 | |
Series 2002: | |||
0% 12/15/31 (Nat'l. Pub. Fin. Guarantee Corp. Insured) | 775,000 | 588,826 | |
0% 12/15/36 (Nat'l. Pub. Fin. Guarantee Corp. Insured) | 12,285,000 | 7,501,667 | |
Series 2017 B: | |||
5% 12/15/28 | 1,890,000 | 1,975,480 | |
5% 12/15/32 | 850,000 | 887,823 | |
Series 2020 A, 5% 6/15/50 | 21,945,000 | 22,709,592 | |
Series 2022 A, 4% 12/15/42 | 5,405,000 | 5,316,292 | |
Sales Tax Securitization Corp. Series 2023 C, 5% 1/1/32 | 4,695,000 | 5,228,039 | |
Schaumburg Village Gen. Oblig. Series 2023, 4% 12/1/30 | 2,940,000 | 3,087,010 | |
Univ. of Illinois Rev. Series 2018 A, 5% 4/1/29 | 3,720,000 | 3,956,416 | |
Will County Cmnty. Unit School District #365-U Series 2007: | |||
0% 11/1/26 | 440,000 | 409,595 | |
0% 11/1/26 (Assured Guaranty Muni. Corp. Insured) | 2,560,000 | 2,362,102 | |
TOTAL ILLINOIS | 452,094,198 | ||
Indiana - 0.8% | |||
Indiana Fin. Auth. Health Sys. Rev. Series 2016 A, 4% 11/1/51 | 3,790,000 | 3,580,117 | |
Indiana Fin. Auth. Hosp. Rev. (Parkview Health Sys. Proj.) Series 2017 A: | |||
5% 11/1/28 | 425,000 | 454,250 | |
5% 11/1/29 | 1,320,000 | 1,431,143 | |
5% 11/1/30 | 295,000 | 323,957 | |
Indiana Fin. Auth. Rev.: | |||
(Butler Univ. Proj.) Series 2019, 4% 2/1/44 | 2,450,000 | 2,340,002 | |
Series 2016, 5% 9/1/31 | 1,735,000 | 1,793,880 | |
Indiana Hsg. & Cmnty. Dev. Auth.: | |||
(Glasswater Creek of Whitestown Proj.) Series 2020, 5.375% 10/1/40 (e) | 1,660,000 | 1,428,517 | |
Series 2021 B, 3% 7/1/50 | 825,000 | 804,218 | |
Indiana Muni. Pwr. Agcy. Pwr. Supply Sys. Rev. Series 2017 A: | |||
5% 1/1/32 | 3,775,000 | 3,996,901 | |
5% 1/1/34 | 1,890,000 | 1,992,048 | |
Indianapolis Local Pub. Impt. (Courthouse and Jail Proj.) Series 2019 A, 5% 2/1/49 | 3,090,000 | 3,223,677 | |
Saint Joseph County Econ. Dev. Auth. Rev. (St. Mary's College Proj.): | |||
Series 2019: | |||
4% 4/1/39 | 945,000 | 921,616 | |
4% 4/1/46 | 2,115,000 | 1,954,245 | |
5% 4/1/40 | 2,115,000 | 2,211,230 | |
Series 2020: | |||
4% 4/1/37 | 1,565,000 | 1,551,216 | |
5% 4/1/29 | 970,000 | 1,029,742 | |
TOTAL INDIANA | 29,036,759 | ||
Iowa - 0.2% | |||
Iowa Fin. Auth. Rev. Series 2018 B, 5% 2/15/48 | 2,360,000 | 2,422,817 | |
Tobacco Settlement Auth. Tobacco Settlement Rev.: | |||
Series 2021 A2, 4% 6/1/49 | 2,645,000 | 2,478,588 | |
Series 2021 B1, 4% 6/1/49 | 375,000 | 375,206 | |
TOTAL IOWA | 5,276,611 | ||
Kentucky - 2.8% | |||
Ashland Med. Ctr. Rev.: | |||
(Ashland Hosp. Corp. d/b/a King's Daughters Med. Ctr. Proj.) Series 2016 A, 5% 2/1/40 | 1,135,000 | 1,141,165 | |
Series 2019: | |||
3% 2/1/40 (Assured Guaranty Muni. Corp. Insured) | 1,665,000 | 1,424,309 | |
5% 2/1/28 | 45,000 | 46,826 | |
5% 2/1/32 | 60,000 | 62,266 | |
Boyle County Edl. Facilities Rev. Series 2017, 5% 6/1/37 | 1,585,000 | 1,631,084 | |
Hazard Healthcare Rev. (Appalachian Reg'l. Healthcare Proj.) Series 2021, 3% 7/1/46 | 2,450,000 | 1,923,989 | |
Kenton County Arpt. Board Arpt. Rev.: | |||
Series 2016, 5% 1/1/33 | 1,225,000 | 1,250,884 | |
Series 2019, 5% 1/1/44 | 2,120,000 | 2,233,145 | |
Kentucky Econ. Dev. Fin. Auth.: | |||
Series 2019 A1: | |||
5% 8/1/33 | 945,000 | 1,014,985 | |
5% 8/1/44 | 945,000 | 982,359 | |
Series 2019 A2, 5% 8/1/49 | 2,360,000 | 2,438,936 | |
Kentucky Econ. Dev. Fin. Auth. Hosp. Rev.: | |||
Series 2015 A: | |||
5% 6/1/25 | 45,000 | 45,140 | |
5% 6/1/26 | 50,000 | 50,186 | |
5% 6/1/27 | 50,000 | 50,256 | |
5% 6/1/28 | 55,000 | 55,290 | |
5% 6/1/29 | 60,000 | 60,324 | |
5% 6/1/30 | 60,000 | 60,322 | |
Series 2017 B: | |||
5% 8/15/32 | 2,530,000 | 2,631,709 | |
5% 8/15/33 | 1,250,000 | 1,299,622 | |
5% 8/15/35 | 1,415,000 | 1,468,376 | |
Kentucky State Property & Buildings Commission Rev.: | |||
(Proj. No. 119) Series 2018: | |||
5% 5/1/29 | 1,760,000 | 1,866,273 | |
5% 5/1/30 | 1,180,000 | 1,252,858 | |
5% 5/1/31 | 505,000 | 537,068 | |
5% 5/1/32 | 265,000 | 281,118 | |
5% 5/1/33 | 595,000 | 631,160 | |
5% 5/1/34 | 680,000 | 722,589 | |
5% 5/1/35 | 400,000 | 423,183 | |
5% 5/1/36 | 340,000 | 359,585 | |
Series A: | |||
4% 11/1/38 | 600,000 | 600,422 | |
5% 11/1/29 | 3,625,000 | 3,874,099 | |
5% 11/1/30 | 2,030,000 | 2,170,074 | |
Kentucky, Inc. Pub. Energy Bonds: | |||
Series 2024 A, 5%, tender 7/1/30 (b) | 4,875,000 | 5,165,515 | |
Series A, 4%, tender 6/1/26 (b) | 29,720,000 | 29,861,610 | |
Louisville & Jefferson County: | |||
Bonds: | |||
Series 2020 C, 5%, tender 10/1/26 (b) | 1,360,000 | 1,396,608 | |
Series 2020 D, 5%, tender 10/1/29 (b) | 1,635,000 | 1,752,991 | |
Series 2016 A: | |||
5% 10/1/31 | 6,045,000 | 6,179,542 | |
5% 10/1/32 | 7,310,000 | 7,464,938 | |
5% 10/1/33 | 4,155,000 | 4,239,137 | |
Series 2020 A: | |||
3% 10/1/43 | 5,800,000 | 4,590,358 | |
4% 10/1/40 | 1,090,000 | 1,057,168 | |
5% 10/1/37 | 2,715,000 | 2,866,555 | |
TOTAL KENTUCKY | 97,164,024 | ||
Louisiana - 0.1% | |||
Louisiana Hsg. Corp. Single Fami (Home Ownership Prog.) Series 2023 C, 5.75% 12/1/53 | 995,000 | 1,076,607 | |
Louisiana Pub. Facilities Auth. Hosp. Rev. (Franciscan Missionaries of Our Lady Health Sys. Proj.) Series 2017 A, 5% 7/1/47 | 1,605,000 | 1,637,068 | |
Louisiana Pub. Facilities Auth. Rev. (Tulane Univ. of Louisiana Proj.) Series 2016 A, 5% 12/15/29 | 1,135,000 | 1,179,973 | |
TOTAL LOUISIANA | 3,893,648 | ||
Maine - 1.1% | |||
Brunswick Series 2020: | |||
2.375% 11/1/37 | 130,000 | 107,118 | |
2.5% 11/1/39 | 335,000 | 270,994 | |
Lewiston 52850C Series 2021: | |||
1.25% 2/15/31 | 2,455,000 | 2,003,889 | |
1.25% 2/15/32 | 2,595,000 | 2,051,586 | |
Maine Health & Higher Edl. Facilities Auth. Rev.: | |||
Series 2016 A: | |||
4% 7/1/41 | 1,120,000 | 987,227 | |
4% 7/1/46 | 1,665,000 | 1,379,547 | |
5% 7/1/41 | 455,000 | 447,403 | |
5% 7/1/46 | 310,000 | 292,017 | |
Series 2018 A: | |||
5% 7/1/30 | 1,120,000 | 1,190,496 | |
5% 7/1/31 | 1,040,000 | 1,103,968 | |
5% 7/1/34 | 1,890,000 | 1,997,653 | |
5% 7/1/35 | 2,590,000 | 2,731,994 | |
5% 7/1/36 | 3,070,000 | 3,227,730 | |
5% 7/1/37 | 2,830,000 | 2,970,835 | |
5% 7/1/38 | 2,150,000 | 2,248,766 | |
5% 7/1/43 | 4,250,000 | 4,370,646 | |
Maine Tpk. Auth. Tpk. Rev. Series 2018: | |||
5% 7/1/33 | 660,000 | 705,711 | |
5% 7/1/34 | 945,000 | 1,009,120 | |
5% 7/1/35 | 1,040,000 | 1,108,286 | |
5% 7/1/36 | 1,890,000 | 2,009,821 | |
Univ. Sys. Rev. Series 2022, 5.5% 3/1/62 | 3,800,000 | 4,067,797 | |
TOTAL MAINE | 36,282,604 | ||
Maryland - 1.4% | |||
Anne Arundel County Gen. Oblig.: | |||
Series 2012, 3% 10/1/36 | 2,595,000 | 2,419,189 | |
Series 2021, 3% 10/1/37 | 1,000,000 | 921,735 | |
Baltimore County Gen. Oblig. Series 2021, 3% 3/1/37 | 825,000 | 764,229 | |
Baltimore Gen. Oblig. Series 2022 A, 5% 10/15/37 | 735,000 | 835,945 | |
City of Westminster Series 2016, 5% 11/1/31 | 1,865,000 | 1,909,890 | |
Frederick County Gen. Oblig. Series 2021 A, 1.5% 10/1/33 | 4,460,000 | 3,483,993 | |
Maryland Cmnty. Dev. Admin Dept. Hsg. & Cmnty. Dev.: | |||
Series 2019 B, 4% 9/1/49 | 1,550,000 | 1,548,584 | |
Series 2019 C, 3.5% 3/1/50 | 1,495,000 | 1,479,411 | |
Maryland Health & Higher Edl. Series 2021 A, 3% 7/1/51 | 4,320,000 | 3,333,293 | |
Maryland Health & Higher Edl. Facilities Auth. Rev.: | |||
Series 2015, 5% 7/1/40 | 1,890,000 | 1,902,759 | |
Series 2016 A: | |||
4% 7/1/42 | 735,000 | 681,213 | |
5% 7/1/35 | 1,940,000 | 1,975,341 | |
5% 7/1/38 | 1,060,000 | 1,074,456 | |
Maryland Stadium Auth. Built to Learn Rev.: | |||
Series 2021, 4% 6/1/46 | 850,000 | 842,357 | |
Series 2022 A: | |||
4% 6/1/37 | 2,240,000 | 2,315,306 | |
4% 6/1/38 | 2,455,000 | 2,526,028 | |
Maryland Trans. Auth. Trans. Facility Projs. Rev. Series 2024 A, 5% 7/1/31 | 4,620,000 | 5,218,261 | |
Prince Georges County Gen. Oblig. Series 2021 A, 2% 7/1/35 | 7,055,000 | 5,696,019 | |
Washington Metropolitan Area Transit Auth. Series 2020 A, 5% 7/15/38 | 7,100,000 | 7,775,186 | |
TOTAL MARYLAND | 46,703,195 | ||
Massachusetts - 1.4% | |||
Massachusetts Dev. Fin. Agcy. Rev.: | |||
(Lesley Univ. Proj.) Series 2016, 5% 7/1/39 | 960,000 | 971,871 | |
(Univ. of Massachusetts Health Cr., Inc. Proj.) Series 2017 L, 4% 7/1/44 | 9,440,000 | 8,554,951 | |
(Wentworth Institute of Technology Proj.) Series 2017: | |||
5% 10/1/30 | 1,100,000 | 1,122,089 | |
5% 10/1/33 | 1,280,000 | 1,302,536 | |
Series 2015 D, 5% 7/1/44 | 2,430,000 | 2,431,848 | |
Series 2019, 5% 9/1/59 | 4,445,000 | 4,621,269 | |
Series 2020 A, 4% 7/1/45 | 9,790,000 | 8,796,568 | |
Series 2024 D: | |||
5% 7/1/32 | 800,000 | 915,089 | |
5% 7/1/42 | 1,750,000 | 1,948,913 | |
Series J2, 5% 7/1/53 | 2,360,000 | 2,401,457 | |
Series M: | |||
4% 10/1/50 | 9,975,000 | 8,390,889 | |
5% 10/1/45 | 7,515,000 | 7,537,442 | |
TOTAL MASSACHUSETTS | 48,994,922 | ||
Michigan - 2.3% | |||
Detroit Downtown Dev. Auth. Tax (Catalyst Dev. Proj.) Series 2024: | |||
5% 7/1/32 | 1,200,000 | 1,328,909 | |
5% 7/1/33 | 1,000,000 | 1,117,511 | |
5% 7/1/34 | 1,500,000 | 1,692,284 | |
Detroit Gen. Oblig. Series 2021 A, 5% 4/1/46 | 1,840,000 | 1,912,631 | |
Grand Traverse County Hosp. Fin. Auth. Series 2021, 3% 7/1/51 | 1,860,000 | 1,487,543 | |
Great Lakes Wtr. Auth. Sew Disp. Sys. Series 2018 A: | |||
5% 7/1/43 | 1,415,000 | 1,472,812 | |
5% 7/1/48 | 6,135,000 | 6,332,821 | |
Jackson County Series 2019: | |||
4% 5/1/32 (Build America Mutual Assurance Insured) | 2,050,000 | 2,117,933 | |
4% 5/1/33 (Build America Mutual Assurance Insured) | 2,110,000 | 2,179,316 | |
Kalamazoo Hosp. Fin. Auth. Hosp. Facilities Rev. Series 2016: | |||
5% 5/15/28 | 1,365,000 | 1,400,775 | |
5% 5/15/28 (Pre-Refunded to 5/15/26 @ 100) | 10,000 | 10,327 | |
Lansing Board of Wtr. & Lt. Util. Rev. Series 2024 A: | |||
5% 7/1/32 | 3,155,000 | 3,603,727 | |
5% 7/1/36 | 6,000,000 | 6,940,030 | |
5% 7/1/37 | 1,675,000 | 1,934,811 | |
5% 7/1/38 | 1,250,000 | 1,435,484 | |
5% 7/1/39 | 675,000 | 770,759 | |
Michigan Fin. Auth. Rev.: | |||
(Charter County of Wayne Criminal Justice Ctr. Proj.) Series 2018, 5% 11/1/43 | 1,740,000 | 1,805,902 | |
Series 2016, 5% 11/15/32 | 4,545,000 | 4,688,267 | |
Series 2019 A: | |||
3% 12/1/49 | 2,645,000 | 2,092,205 | |
5% 11/15/48 | 1,555,000 | 1,617,408 | |
Series 2020 A, 4% 6/1/49 | 2,070,000 | 1,896,581 | |
Michigan Hosp. Fin. Auth. Rev. Series 2008 C: | |||
5% 12/1/32 | 290,000 | 303,037 | |
5% 12/1/32 (Pre-Refunded to 12/1/27 @ 100) | 40,000 | 42,604 | |
Michigan Hsg. Dev. Auth. Rental Hsg. Rev. Series 2019 A1, 3.35% 10/1/49 | 1,750,000 | 1,440,178 | |
Michigan State Hsg. Dev. Auth. Series 2021 A, 2.45% 10/1/46 | 3,400,000 | 2,400,247 | |
Portage Pub. Schools Series 2016: | |||
5% 11/1/33 | 945,000 | 970,365 | |
5% 11/1/36 | 1,180,000 | 1,208,035 | |
5% 11/1/37 | 945,000 | 967,129 | |
Warren Consolidated School District Series 2016: | |||
5% 5/1/28 | 3,870,000 | 3,994,534 | |
5% 5/1/29 | 3,995,000 | 4,120,107 | |
Wayne County Arpt. Auth. Rev.: | |||
Series 2015 D: | |||
5% 12/1/30 | 1,225,000 | 1,246,669 | |
5% 12/1/31 | 2,170,000 | 2,208,116 | |
Series 2015 G: | |||
5% 12/1/31 | 1,415,000 | 1,439,854 | |
5% 12/1/32 | 1,415,000 | 1,439,636 | |
5% 12/1/33 | 1,890,000 | 1,922,741 | |
Series 2015, 5% 12/1/29 | 1,510,000 | 1,537,675 | |
Series 2017 A: | |||
5% 12/1/28 | 565,000 | 594,620 | |
5% 12/1/29 | 520,000 | 546,551 | |
5% 12/1/30 | 660,000 | 693,511 | |
5% 12/1/33 | 330,000 | 345,928 | |
5% 12/1/37 | 470,000 | 490,705 | |
5% 12/1/37 | 255,000 | 266,071 | |
Series 2017 C, 5% 12/1/28 | 1,040,000 | 1,097,213 | |
TOTAL MICHIGAN | 77,113,562 | ||
Minnesota - 1.5% | |||
Duluth Econ. Dev. Auth. Health Care Facilities Rev. Series 2018 A: | |||
5% 2/15/48 | 6,685,000 | 6,811,265 | |
5% 2/15/58 | 11,185,000 | 11,337,947 | |
Maple Grove Health Care Sys. Rev. Series 2015, 5% 9/1/27 | 1,215,000 | 1,228,616 | |
Minneapolis & Saint Paul Hsg. & Redev. Auth. Health Care Sys. Rev. (Allina Health Sys. Proj.) Series 2017 A, 5% 11/15/25 | 1,290,000 | 1,312,651 | |
Minnesota Higher Ed. Facilities Auth. Rev. Series 2018 A: | |||
5% 10/1/29 | 945,000 | 983,425 | |
5% 10/1/32 | 675,000 | 698,503 | |
5% 10/1/33 | 825,000 | 852,513 | |
5% 10/1/45 | 975,000 | 981,418 | |
Minnesota Hsg. Fin. Agcy.: | |||
Series 2023 F, 5.75% 7/1/53 | 655,000 | 698,503 | |
Series B, 4% 8/1/41 | 1,270,000 | 1,271,806 | |
Series D: | |||
4% 8/1/38 | 2,265,000 | 2,296,952 | |
4% 8/1/40 | 2,455,000 | 2,466,375 | |
4% 8/1/41 | 1,610,000 | 1,612,290 | |
4% 8/1/43 | 1,820,000 | 1,803,151 | |
Mounds View Independent School District #621 (Minnesota School District Cr. Enhancement Prog.) Series 2018 A: | |||
3.45% 2/1/37 | 1,235,000 | 1,199,351 | |
3.55% 2/1/38 | 1,290,000 | 1,250,867 | |
Saint Cloud Health Care Rev. Series 2019: | |||
4% 5/1/49 | 3,265,000 | 3,065,135 | |
5% 5/1/48 | 4,085,000 | 4,235,081 | |
Sauk Rapids Minn Independent School District # 47 Series 2020 A, 2% 2/1/33 | 2,545,000 | 2,147,140 | |
Shakopee Sr. Hsg. Rev. Bonds Series 2018, 5.85%, tender 11/1/25 (b)(e) | 3,150,000 | 3,092,293 | |
West Saint Paul Independent School District #197 (Minnesota School District Cr. Enhancement Prog.) Series 2018 A: | |||
3.6% 2/1/37 | 900,000 | 887,402 | |
3.65% 2/1/38 | 945,000 | 920,379 | |
TOTAL MINNESOTA | 51,153,063 | ||
Mississippi - 0.1% | |||
Mississippi Home Corp. Series 2021 B: | |||
3% 6/1/51 | 2,375,000 | 2,309,288 | |
5% 6/1/28 | 705,000 | 745,725 | |
TOTAL MISSISSIPPI | 3,055,013 | ||
Missouri - 1.2% | |||
Cape Girardeau County Indl. Dev. Auth. Series 2017 A: | |||
5% 3/1/27 | 30,000 | 31,343 | |
5% 3/1/29 | 1,390,000 | 1,444,650 | |
Kansas City San. Swr. Sys. Rev. Series 2018 B: | |||
5% 1/1/26 | 225,000 | 231,591 | |
5% 1/1/28 | 470,000 | 502,575 | |
5% 1/1/33 | 450,000 | 477,657 | |
Kansas City Wtr. Rev. Series 2020 A, 4% 12/1/39 | 1,190,000 | 1,220,365 | |
Missouri Health & Edl. Facilities Rev.: | |||
Series 2015 B: | |||
3.125% 2/1/27 | 380,000 | 378,282 | |
3.25% 2/1/28 | 380,000 | 378,777 | |
5% 2/1/34 | 2,940,000 | 2,974,851 | |
5% 2/1/36 | 1,135,000 | 1,148,016 | |
Series 2019 A: | |||
4% 10/1/48 | 2,030,000 | 1,970,520 | |
5% 10/1/46 | 3,990,000 | 4,179,291 | |
Series 2021 A: | |||
4% 7/1/33 | 2,205,000 | 2,293,620 | |
4% 7/1/46 | 1,985,000 | 1,923,305 | |
Series 2023 A, 5% 5/1/33 | 9,100,000 | 10,433,482 | |
Missouri Hsg. Dev. Commission Single Family Mtg. Rev. Series 2019, 4% 5/1/50 | 355,000 | 354,751 | |
Saint Louis Arpt. Rev. Series 2019 A: | |||
5% 7/1/44 | 1,320,000 | 1,386,826 | |
5% 7/1/49 | 1,085,000 | 1,130,405 | |
Saint Louis County Indl. Dev. Auth. Sr. Living Facilities Rev. Series 2018 A, 5.125% 9/1/48 | 2,510,000 | 2,467,277 | |
The Indl. Dev. Auth. of Hannibal (Hannibal Reg'l. Healthcare Sys. Proj.) Series 2017: | |||
5% 10/1/42 | 3,235,000 | 3,269,690 | |
5% 10/1/47 | 2,005,000 | 2,011,947 | |
TOTAL MISSOURI | 40,209,221 | ||
Montana - 0.1% | |||
Montana Board Hsg. Single Family Series 2019 B, 4% 6/1/50 | 215,000 | 215,051 | |
Montana Facility Fin. Auth. Series 2021 A, 3% 6/1/50 | 2,665,000 | 2,146,582 | |
TOTAL MONTANA | 2,361,633 | ||
Nebraska - 1.2% | |||
Central Plains Energy Proj. Rev. Bonds: | |||
(Proj. No. 4) Series 2023 A1, 5%, tender 11/1/29 (b) | 9,795,000 | 10,346,824 | |
Series 2019, 4%, tender 8/1/25 (b) | 13,495,000 | 13,519,898 | |
Douglas County Neb Edl. Facilities Rev. (Creighton Univ. Projs.): | |||
Series 2017, 4% 7/1/33 | 730,000 | 742,017 | |
Series 2021 A, 3% 7/1/51 | 1,190,000 | 906,076 | |
Lincoln Elec. Sys. Rev. Series 2018: | |||
5% 9/1/31 | 1,890,000 | 1,977,461 | |
5% 9/1/32 | 3,525,000 | 3,682,404 | |
5% 9/1/33 | 2,115,000 | 2,209,130 | |
Nebraska Invt. Fin. Auth. Single Family Hsg. Rev. Series 2020 A, 3.5% 9/1/50 | 920,000 | 909,449 | |
Nebraska Pub. Pwr. District Rev.: | |||
Series 2016 A: | |||
5% 1/1/32 | 1,575,000 | 1,608,577 | |
5% 1/1/34 | 945,000 | 964,620 | |
Series 2016 B, 5% 1/1/32 | 4,720,000 | 4,820,626 | |
TOTAL NEBRASKA | 41,687,082 | ||
Nevada - 0.5% | |||
Carson City Hosp. Rev. (Carson Tahoe Hosp. Proj.) Series 2017: | |||
5% 9/1/37 | 2,555,000 | 2,621,988 | |
5% 9/1/42 | 6,295,000 | 6,416,084 | |
Clark County School District Series 2020 B, 3% 6/15/39 | 2,630,000 | 2,279,882 | |
Nevada Hsg. Division Single Family Mtg. Rev.: | |||
Series 2019 A, 3.4% 10/1/49 | 1,210,000 | 1,026,299 | |
Series 2019 B, 4% 10/1/49 | 535,000 | 534,579 | |
Tahoe-Douglas Visitors Auth. Series 2020, 5% 7/1/51 | 2,830,000 | 2,850,661 | |
TOTAL NEVADA | 15,729,493 | ||
New Hampshire - 1.2% | |||
Nat'l. Fin. Auth. Hosp. Rev. (St. Luke's Univ. Health Network Proj.) Series 2021 B, 3% 8/15/51 (Assured Guaranty Muni. Corp. Insured) | 2,590,000 | 2,063,317 | |
Nat'l. Finnance Auth.: | |||
Series 2020 1, 4.125% 1/20/34 | 4,576,707 | 4,553,996 | |
Series 2023 2A, 3.875% 1/20/38 | 6,684,831 | 6,421,305 | |
New Hampshire Health & Ed. Facilities Auth.: | |||
(Dartmouth-Hitchcock Oblgtd Grp Proj.): | |||
Series 2018 A: | |||
5% 8/1/31 | 1,225,000 | 1,279,495 | |
5% 8/1/32 | 235,000 | 245,410 | |
5% 8/1/34 | 2,830,000 | 2,955,038 | |
5% 8/1/36 | 1,890,000 | 1,968,290 | |
5% 8/1/37 | 2,265,000 | 2,358,140 | |
Series 2018, 5% 8/1/35 | 2,595,000 | 2,706,219 | |
(Partners Healthcare Sys., Inc. Proj.) Series 2017, 5% 7/1/41 | 1,985,000 | 2,063,398 | |
Series 2017: | |||
5% 7/1/36 | 1,135,000 | 1,154,994 | |
5% 7/1/44 | 1,790,000 | 1,785,754 | |
New Hampshire Health & Ed. Facilities Auth. Rev.: | |||
Series 2012, 4% 7/1/32 | 850,000 | 831,167 | |
Series 2016: | |||
4% 10/1/38 | 1,100,000 | 1,049,081 | |
5% 10/1/28 | 2,830,000 | 2,896,481 | |
5% 10/1/32 | 4,870,000 | 4,981,355 | |
Portsmouth Tan Series 2021, 1.625% 4/1/34 | 1,260,000 | 985,114 | |
TOTAL NEW HAMPSHIRE | 40,298,554 | ||
New Jersey - 6.2% | |||
Gloucester County Impt. Auth. Rev. (Rowan Univ. Projs.) Series 2024, 5% 7/1/49 (Build America Mutual Assurance Insured) | 2,215,000 | 2,385,477 | |
New Jersey Econ. Dev. Auth.: | |||
(White Horse HMT Urban Renewal LLC Proj.) Series 2020, 5% 1/1/40 (c)(e) | 855,000 | 587,476 | |
Series A, 5% 11/1/36 | 4,895,000 | 5,241,344 | |
Series QQQ: | |||
4% 6/15/34 | 755,000 | 775,732 | |
4% 6/15/36 | 1,040,000 | 1,059,616 | |
4% 6/15/39 | 945,000 | 955,473 | |
4% 6/15/41 | 945,000 | 948,828 | |
4% 6/15/46 | 1,415,000 | 1,388,303 | |
4% 6/15/50 | 1,890,000 | 1,826,071 | |
5% 6/15/31 | 1,040,000 | 1,151,528 | |
5% 6/15/33 | 190,000 | 209,332 | |
New Jersey Econ. Dev. Auth. Rev.: | |||
(Black Horse EHT Urban Renewal LLC Proj.) Series 2019 A, 5% 10/1/39 (e) | 750,000 | 548,038 | |
(Provident Montclair Proj.) Series 2017: | |||
5% 6/1/27 (Assured Guaranty Muni. Corp. Insured) | 40,000 | 41,934 | |
5% 6/1/28 (Assured Guaranty Muni. Corp. Insured) | 55,000 | 57,158 | |
5% 6/1/29 (Assured Guaranty Muni. Corp. Insured) | 40,000 | 41,587 | |
Series LLL, 4% 6/15/49 | 2,655,000 | 2,577,357 | |
Series MMM, 4% 6/15/36 | 755,000 | 767,214 | |
New Jersey Edl. Facility Series 2016 A, 5% 7/1/29 | 2,480,000 | 2,543,763 | |
New Jersey Gen. Oblig.: | |||
Series 2020 A: | |||
4% 6/1/31 | 16,505,000 | 17,511,318 | |
5% 6/1/29 | 3,000,000 | 3,287,398 | |
Series 2021: | |||
2% 6/1/34 | 5,340,000 | 4,308,127 | |
2% 6/1/36 | 1,140,000 | 881,585 | |
New Jersey Health Care Facilities Fing. Auth. Rev.: | |||
(Greystone Park Psychiatric Hosp. Proj.) Series 2024: | |||
5% 9/15/32 | 1,135,000 | 1,259,423 | |
5% 9/15/33 | 1,065,000 | 1,190,471 | |
(Marlboro Psychiatric Hosp. Proj.) Series 2024, 5% 9/15/33 | 2,090,000 | 2,336,229 | |
Series 2016 A: | |||
5% 7/1/25 (Escrowed to Maturity) | 995,000 | 1,010,481 | |
5% 7/1/28 (Pre-Refunded to 7/1/26 @ 100) | 35,000 | 36,164 | |
5% 7/1/30 | 945,000 | 975,218 | |
Series 2016: | |||
4% 7/1/48 | 1,700,000 | 1,544,351 | |
5% 7/1/41 | 2,070,000 | 2,080,988 | |
New Jersey Tobacco Settlement Fing. Corp. Series 2018 B, 5% 6/1/46 | 2,435,000 | 2,448,322 | |
New Jersey Tpk. Auth. Tpk. Rev.: | |||
Series 2022 B: | |||
4.25% 1/1/43 | 6,000,000 | 6,149,330 | |
5% 1/1/46 | 8,000,000 | 8,737,681 | |
Series 2024 C: | |||
5% 1/1/42 (f) | 3,145,000 | 3,501,744 | |
5% 1/1/43 (f) | 3,305,000 | 3,662,825 | |
5% 1/1/44 (f) | 4,405,000 | 4,864,904 | |
5% 1/1/45 (f) | 3,930,000 | 4,325,817 | |
Series 2024, 5% 1/1/32 | 2,980,000 | 3,381,085 | |
New Jersey Trans. Trust Fund Auth.: | |||
(Trans. Prog.) Series 2019 AA, 5.25% 6/15/43 | 15,160,000 | 15,925,004 | |
Series 2006 C: | |||
0% 12/15/29 (Assured Guaranty Muni. Corp. Insured) | 1,275,000 | 1,058,562 | |
0% 12/15/31 (FGIC Insured) | 5,300,000 | 4,058,997 | |
0% 12/15/36 (AMBAC Insured) | 10,000,000 | 6,241,194 | |
Series 2008 A, 0% 12/15/38 (Build America Mutual Assurance Insured) | 3,575,000 | 2,061,320 | |
Series 2010 A, 0% 12/15/27 | 6,980,000 | 6,206,455 | |
Series 2014 BB2, 5% 6/15/34 | 5,370,000 | 5,932,345 | |
Series 2016 A: | |||
5% 6/15/27 | 890,000 | 920,742 | |
5% 6/15/29 | 3,350,000 | 3,451,626 | |
Series 2018 A: | |||
5% 12/15/32 | 3,025,000 | 3,228,752 | |
5% 12/15/34 | 945,000 | 1,006,395 | |
Series 2019 BB, 4% 6/15/50 | 1,770,000 | 1,721,009 | |
Series 2021 A: | |||
4% 6/15/38 | 510,000 | 515,213 | |
5% 6/15/32 | 3,360,000 | 3,732,623 | |
5% 6/15/33 | 945,000 | 1,046,676 | |
Series 2022 A: | |||
4% 6/15/41 | 4,625,000 | 4,625,796 | |
4% 6/15/42 | 3,105,000 | 3,082,115 | |
Series 2022 AA: | |||
5% 6/15/29 | 7,555,000 | 8,212,294 | |
5% 6/15/35 | 590,000 | 658,096 | |
5% 6/15/36 | 6,915,000 | 7,685,991 | |
5% 6/15/37 | 3,195,000 | 3,544,003 | |
Series A: | |||
4% 12/15/39 | 945,000 | 948,488 | |
4.25% 12/15/38 | 2,345,000 | 2,381,007 | |
Series AA: | |||
4% 6/15/38 | 2,660,000 | 2,682,600 | |
4% 6/15/45 | 6,365,000 | 6,245,414 | |
4% 6/15/50 | 895,000 | 871,610 | |
5% 6/15/37 | 2,830,000 | 3,086,369 | |
5% 6/15/50 | 3,160,000 | 3,323,861 | |
Port Auth. of New York & New Jersey Series 2023 243, 5% 12/1/38 | 5,500,000 | 6,333,597 | |
South Jersey Trans. Auth. Trans. Sys. Rev. Series 2022 A: | |||
4.5% 11/1/42 | 1,500,000 | 1,542,844 | |
4.625% 11/1/47 | 2,500,000 | 2,561,674 | |
TOTAL NEW JERSEY | 211,492,364 | ||
New Mexico - 0.0% | |||
New Mexico Mtg. Fin. Auth. Series 2019 D, 3.75% 1/1/50 | 805,000 | 800,161 | |
Santa Fe Retirement Fac. Series 2019 A: | |||
5% 5/15/34 | 215,000 | 217,722 | |
5% 5/15/39 | 160,000 | 160,123 | |
5% 5/15/44 | 170,000 | 164,388 | |
5% 5/15/49 | 335,000 | 313,742 | |
TOTAL NEW MEXICO | 1,656,136 | ||
New York - 7.9% | |||
Dorm. Auth. New York Univ. Rev.: | |||
(Memorial Sloan-Kettring Cancer Ctr.) Series 2017 1, 5% 7/1/42 | 1,470,000 | 1,527,985 | |
Series 2016 A: | |||
5% 7/1/25 | 65,000 | 65,885 | |
5% 7/1/32 | 2,360,000 | 2,432,701 | |
Hempstead Local Dev. Corp. Rev. (Hofstra Univ. Proj.) Series 2021 A, 3% 7/1/51 | 2,285,000 | 1,701,153 | |
Hudson Yards Infrastructure Corp. New York Rev. Series 2017 A, 5% 2/15/33 | 3,395,000 | 3,543,281 | |
Long Island Pwr. Auth. Elec. Sys. Rev. Series 2017: | |||
5% 9/1/33 | 470,000 | 495,077 | |
5% 9/1/35 | 1,890,000 | 1,988,145 | |
5% 9/1/36 | 1,070,000 | 1,123,746 | |
MTA Hudson Rail Yards Trust Oblig. Series 2016 A, 5% 11/15/56 | 16,100,000 | 16,099,773 | |
New York City Edl. Construction Fund Series 2021 B, 5% 4/1/46 | 4,505,000 | 4,824,521 | |
New York City Gen. Oblig.: | |||
Series 2021 A1, 5% 8/1/31 | 6,010,000 | 6,691,002 | |
Series 2022 B1, 5% 8/1/32 | 1,000,000 | 1,132,842 | |
Series 2024 A: | |||
5% 8/1/40 | 2,470,000 | 2,784,019 | |
5% 8/1/41 | 2,365,000 | 2,649,947 | |
New York City Hsg. Dev. Corp. Bonds: | |||
Series 2023 E2, 3.8%, tender 1/3/28 (b) | 780,000 | 787,585 | |
Series 2024 A2, 3.625%, tender 7/1/28 (b) | 6,650,000 | 6,685,659 | |
Series 2024 B2, 3.7%, tender 7/3/28 (b) | 11,205,000 | 11,341,392 | |
New York City Hsg. Dev. Corp. Multifamily Hsg.: | |||
Series 2019 J, 3.05% 11/1/49 | 1,235,000 | 969,880 | |
Series 2021 F1, 2.4% 11/1/46 | 1,725,000 | 1,202,542 | |
New York City Transitional Fin. Auth. Series 2024 F1: | |||
5% 2/1/40 | 4,720,000 | 5,319,776 | |
5% 2/1/41 | 4,370,000 | 4,913,766 | |
New York City Transitional Fin. Auth. Rev.: | |||
Series 2018 1, 5% 11/1/29 | 2,450,000 | 2,590,230 | |
Series 2019 B1, 5% 8/1/34 | 1,890,000 | 2,015,755 | |
Series 2024 A1, 5% 5/1/42 | 5,130,000 | 5,706,297 | |
New York Convention Ctr. Dev. Corp. Rev. Series 2015: | |||
5% 11/15/28 | 6,805,000 | 6,930,966 | |
5% 11/15/29 | 4,720,000 | 4,805,702 | |
New York Dorm. Auth. Rev. Series 2022 A: | |||
5% 7/1/33 | 660,000 | 731,502 | |
5% 7/1/34 | 1,370,000 | 1,517,642 | |
5% 7/15/37 | 570,000 | 601,168 | |
5% 7/1/38 | 1,785,000 | 1,945,897 | |
5% 7/1/42 | 1,180,000 | 1,264,007 | |
5% 7/15/42 | 1,605,000 | 1,655,120 | |
5% 7/15/50 | 4,150,000 | 4,205,245 | |
New York Dorm. Auth. Sales Tax Rev.: | |||
Series 2018 C, 5% 3/15/38 | 7,820,000 | 8,238,857 | |
Series 2023 A1, 5% 3/15/41 | 16,795,000 | 18,784,712 | |
New York Metropolitan Trans. Auth. Rev.: | |||
Series 2017 C-2: | |||
0% 11/15/29 | 2,150,000 | 1,779,128 | |
0% 11/15/33 | 5,285,000 | 3,712,024 | |
Series 2017 D, 5% 11/15/30 | 4,720,000 | 5,007,881 | |
Series 2020 D: | |||
4% 11/15/46 | 31,520,000 | 30,623,335 | |
4% 11/15/47 | 2,205,000 | 2,136,328 | |
New York State Dorm. Auth.: | |||
Series 2019 D, 3% 2/15/49 | 5,070,000 | 3,976,532 | |
Series 2021 E, 3% 3/15/50 | 5,030,000 | 3,909,774 | |
Series 2024 A: | |||
5% 3/15/30 | 3,720,000 | 4,131,448 | |
5% 3/15/31 | 7,440,000 | 8,358,680 | |
5% 3/15/32 | 9,295,000 | 10,576,443 | |
5% 3/15/33 | 2,425,000 | 2,795,884 | |
5% 3/15/34 | 2,170,000 | 2,534,019 | |
New York State Hsg. Fin. Agcy. Rev. Bonds Series 2023 C2, 3.8%, tender 5/1/29 (b) | 13,520,000 | 13,566,614 | |
New York State Urban Dev. Corp. Series 2020 E: | |||
4% 3/15/44 | 22,920,000 | 22,522,579 | |
4% 3/15/45 | 8,600,000 | 8,426,112 | |
New York Urban Dev. Corp. Rev. Gen. Oblig. (New York State Gen. Oblig. Proj.) Series 2017 A, 5% 3/15/32 | 2,955,000 | 3,076,664 | |
Oneida County Local Dev. Corp. Rev. (Mohawk Valley Health Sys. Proj.) Series 2019 A: | |||
4% 12/1/32 (Assured Guaranty Muni. Corp. Insured) | 945,000 | 946,577 | |
5% 12/1/25 (Assured Guaranty Muni. Corp. Insured) | 595,000 | 595,363 | |
5% 12/1/30 (Assured Guaranty Muni. Corp. Insured) | 1,415,000 | 1,521,458 | |
Suffolk County Econ. Dev. Corp. Rev. Series 2021: | |||
5.125% 11/1/41 (e) | 600,000 | 530,454 | |
5.375% 11/1/54 (e) | 1,020,000 | 855,965 | |
TOTAL NEW YORK | 270,857,039 | ||
New York And New Jersey - 0.5% | |||
New Jersey Edl. Facilities Auth. Rev. Series 2024 B, 5.25% 3/1/54 | 14,245,000 | 15,992,541 | |
North Carolina - 1.3% | |||
Alamance County Series 2021, 2% 5/1/34 | 1,130,000 | 938,284 | |
Charlotte Ctfs. of Prtn. (Convention Facility Projs.) Series 2019 A, 5% 6/1/46 | 2,245,000 | 2,373,851 | |
Charlotte Int'l. Arpt. Rev.: | |||
Series 2017 A: | |||
5% 7/1/35 | 1,890,000 | 1,982,246 | |
5% 7/1/42 | 2,715,000 | 2,815,444 | |
Series 2017 C: | |||
4% 7/1/36 | 1,415,000 | 1,433,241 | |
4% 7/1/37 | 1,415,000 | 1,432,578 | |
New Hanover County Hosp. Rev. Series 2017, 5% 10/1/27 (Escrowed to Maturity) | 210,000 | 223,006 | |
North Carolina Grant Anticipation Rev. Series 2021, 2% 3/1/36 | 3,505,000 | 2,776,451 | |
North Carolina Med. Care Commission Health Care Facilities Rev.: | |||
Series 2019 A: | |||
5% 12/1/29 | 1,310,000 | 1,393,867 | |
5% 12/1/30 | 1,360,000 | 1,448,246 | |
5% 12/1/32 | 1,035,000 | 1,102,173 | |
5% 12/1/33 | 755,000 | 803,577 | |
Series 2020 A, 3% 7/1/45 | 2,325,000 | 1,882,559 | |
Series 2021 A: | |||
4% 3/1/36 | 850,000 | 814,901 | |
4% 3/1/51 | 1,790,000 | 1,484,633 | |
North Carolina Muni. Pwr. Agcy. #1 Catawba Elec. Rev. Series 2015 C, 5% 1/1/29 | 7,555,000 | 7,722,641 | |
North Carolina Tpk. Auth. Triangle Expressway Sys. Series 2019: | |||
4% 1/1/55 | 3,045,000 | 2,791,007 | |
5% 1/1/43 | 4,250,000 | 4,461,350 | |
5% 1/1/44 | 5,295,000 | 5,546,047 | |
5% 1/1/49 | 1,890,000 | 1,961,561 | |
TOTAL NORTH CAROLINA | 45,387,663 | ||
North Dakota - 0.1% | |||
Univ. of North Dakota Series 2021 A, 3% 6/1/61 (Assured Guaranty Muni. Corp. Insured) | 3,620,000 | 2,557,774 | |
Ohio - 2.3% | |||
Akron Bath Copley Hosp. District Rev. Series 2016, 5.25% 11/15/46 | 3,965,000 | 4,018,913 | |
American Muni. Pwr., Inc. (Solar Electricity Prepayment Proj.) Series 2019 A: | |||
5% 2/15/38 | 1,415,000 | 1,504,529 | |
5% 2/15/39 | 945,000 | 1,001,670 | |
5% 2/15/44 | 2,975,000 | 3,107,719 | |
American Muni. Pwr., Inc. Rev. (Greenup Hydroelectric Proj.) Series 2016, 5% 2/15/46 | 620,000 | 628,776 | |
Buckeye Tobacco Settlement Fing. Auth. Series 2020 A2: | |||
3% 6/1/48 | 2,570,000 | 1,972,153 | |
4% 6/1/48 | 850,000 | 791,747 | |
5% 6/1/27 | 2,125,000 | 2,207,199 | |
5% 6/1/29 | 3,870,000 | 4,130,069 | |
5% 6/1/34 | 1,140,000 | 1,225,725 | |
Cleveland Arpt. Sys. Rev. Series 2016 A: | |||
5% 1/1/26 (Assured Guaranty Muni. Corp. Insured) | 470,000 | 473,270 | |
5% 1/1/31 (Assured Guaranty Muni. Corp. Insured) | 945,000 | 949,880 | |
Cleveland Income Tax Rev. Series 2018 A: | |||
5% 10/1/35 | 1,890,000 | 1,996,813 | |
5% 10/1/37 | 1,180,000 | 1,244,408 | |
5% 10/1/38 | 1,415,000 | 1,487,848 | |
Columbus City School District Series 2016 A: | |||
5% 12/1/32 | 795,000 | 819,588 | |
5% 12/1/32 (Pre-Refunded to 6/1/26 @ 100) | 150,000 | 155,037 | |
Dublin City School District Series 2024: | |||
5% 12/1/43 | 1,000,000 | 1,117,554 | |
5% 12/1/48 | 2,365,000 | 2,591,399 | |
Fairfield County Hosp. Facilities Rev. (Fairfield Med. Ctr. Proj.) Series 2013: | |||
5% 6/15/25 | 65,000 | 65,000 | |
5% 6/15/26 | 70,000 | 69,994 | |
5% 6/15/27 | 75,000 | 75,001 | |
5% 6/15/28 | 80,000 | 79,993 | |
5.25% 6/15/43 | 4,720,000 | 4,400,622 | |
Lake County Hosp. Facilities Rev. Series 2015, 5% 8/15/27 (Pre-Refunded to 8/15/25 @ 100) | 60,000 | 61,194 | |
Lancaster Port Auth. Gas Rev. Bonds Series 2019, 5%, tender 2/1/25 (b) | 10,450,000 | 10,517,197 | |
Muskingum County Hosp. Facilities (Genesis Healthcare Sys. Obligated Group Proj.) Series 2013, 5% 2/15/27 | 120,000 | 120,006 | |
Ohio Higher Edl. Facility Commission Rev. Series 2019, 4% 10/1/44 | 1,675,000 | 1,616,109 | |
Ohio Hosp. Facilities Rev. Series 2017 A, 5% 1/1/31 | 130,000 | 137,994 | |
Ohio Hosp. Rev.: | |||
Series 2020 A, 4% 1/15/50 | 780,000 | 724,228 | |
Series 2021 A, 4% 1/15/46 | 3,900,000 | 3,686,920 | |
Series 2024 A, 5% 1/1/32 | 8,045,000 | 9,123,555 | |
Ohio Hsg. Fin. Agcy. Residential Mtg. Rev.: | |||
(Mtg. Backed Securities Prog.) Series 2019 B, 4.5% 3/1/50 | 275,000 | 277,180 | |
(Mtg.-Backed Securities Prog.) Series 2023 B, 6% 3/1/55 | 1,615,000 | 1,769,882 | |
Ohio Tpk. Commission Tpk. Rev. (Infrastructure Proj.) Series 2005 A, 0% 2/15/42 | 5,475,000 | 2,561,656 | |
Scioto County Hosp. Facilities Rev.: | |||
Series 2016, 5% 2/15/29 | 1,195,000 | 1,216,979 | |
Series 2019, 5% 2/15/29 | 1,830,000 | 1,884,650 | |
Univ. of Akron Gen. Receipts Series 2019 A: | |||
4% 1/1/28 | 3,495,000 | 3,571,583 | |
5% 1/1/30 | 1,700,000 | 1,845,265 | |
Washington County Hosp. Rev. Series 2022: | |||
6% 12/1/28 | 1,075,000 | 1,115,822 | |
6% 12/1/29 | 1,140,000 | 1,192,487 | |
6% 12/1/30 | 1,205,000 | 1,268,812 | |
6% 12/1/31 | 1,280,000 | 1,355,942 | |
TOTAL OHIO | 80,162,368 | ||
Oklahoma - 0.1% | |||
Oklahoma City Pub. Property Auth. Hotel Tax Rev. Series 2015, 5% 10/1/32 | 1,040,000 | 1,057,733 | |
Oklahoma County Fin. Auth. Edl. Facilities (Midwest City-Del City Pub. Schools Proj.) Series 2024, 5% 10/1/33 | 1,750,000 | 1,997,070 | |
Oklahoma Dev. Fin. Auth. Rev. (Oklahoma City Univ. Proj.) Series 2019, 5% 8/1/44 | 1,590,000 | 1,591,630 | |
Oklahoma Hsg. Fin. Agcy. Single Family Mtg. Rev. (Homeownership Ln. Prog.) Series 2023 C, 6% 3/1/54 | 300,000 | 328,879 | |
TOTAL OKLAHOMA | 4,975,312 | ||
Oregon - 0.8% | |||
Clackamas County Series 2020, 1.625% 6/1/36 | 1,050,000 | 778,760 | |
Lake Oswego Ore Series 2019 A, 2.8% 6/1/39 | 2,075,000 | 1,744,790 | |
Oregon Gen. Oblig. (Article XI-M, XI-N and XI-P State Grant Programs) Series 2023 D, 5% 6/1/42 | 1,410,000 | 1,581,028 | |
Oregon Health and Science Univ. Spl. Rev. Series 2021 A, 3% 7/1/51 | 5,290,000 | 4,006,394 | |
Oregon State Hsg. & Cmnty. Svcs. Dept.: | |||
(Single-Family Mtg. Prog.) Series 2019 A, 2.65% 7/1/39 | 685,000 | 577,399 | |
Series 2019 A, 4% 7/1/50 | 3,030,000 | 3,027,379 | |
Polk Marion & Benton School District # 13J Series B, 0% 12/15/38 | 1,995,000 | 1,127,827 | |
Salem Hosp. Facility Auth. Rev. (Salem Health Projs.) Series 2019 A, 3% 5/15/49 | 3,960,000 | 3,123,762 | |
Washington, Multnomah & Yamhill County School District #1J Series 2017: | |||
5% 6/15/33 | 1,020,000 | 1,075,043 | |
5% 6/15/35 | 2,960,000 | 3,114,726 | |
5% 6/15/36 | 2,830,000 | 2,969,975 | |
5% 6/15/38 | 2,830,000 | 2,956,510 | |
TOTAL OREGON | 26,083,593 | ||
Pennsylvania - 6.1% | |||
Allegheny County Arpt. Auth. Rev. Series 2021 B: | |||
5% 1/1/51 | 5,350,000 | 5,629,109 | |
5% 1/1/56 | 11,795,000 | 12,328,642 | |
Allegheny County Hosp. Dev. Auth. Rev. Series 2019 A, 4% 7/15/36 | 2,360,000 | 2,367,040 | |
Allegheny County Indl. Dev. Auth. Rev. Series 2021: | |||
3.5% 12/1/31 | 1,160,000 | 556,800 | |
4% 12/1/41 | 2,135,000 | 1,024,800 | |
4.25% 12/1/50 | 2,375,000 | 1,140,000 | |
Bucks County Indl. Dev. Auth. Hosp. Rev. Series 2021, 3% 8/15/53 (Assured Guaranty Muni. Corp. Insured) | 5,745,000 | 4,572,487 | |
Cap. Region Wtr. Wtr. Rev. Series 2018: | |||
5% 7/15/26 | 945,000 | 978,845 | |
5% 7/15/38 | 945,000 | 996,139 | |
Dauphin County Gen. Auth. (Pinnacle Health Sys. Proj.) Series 2016 A, 5% 6/1/29 | 1,255,000 | 1,287,335 | |
Delaware County Auth. Rev. Series 2017, 5% 7/1/26 | 1,115,000 | 1,152,095 | |
Doylestown Hosp. Auth. Hosp. Rev. Series 2016 A: | |||
5% 7/1/46 | 640,000 | 640,899 | |
5% 7/1/46 (Pre-Refunded to 7/1/26 @ 100) | 145,000 | 150,098 | |
Lancaster County Hosp. Auth. Health Ctr. Rev. Series 2021, 5% 11/1/51 | 3,110,000 | 3,208,035 | |
Lancaster Muni. Auth. Rev. Series 2023 B, 5% 6/1/29 | 3,005,000 | 3,260,431 | |
Lehigh County Gen. Purp. Hosp. Rev. Series 2019 A: | |||
4% 7/1/37 | 1,890,000 | 1,889,657 | |
4% 7/1/38 | 2,060,000 | 2,065,782 | |
4% 7/1/39 | 2,360,000 | 2,360,560 | |
5% 7/1/44 | 2,360,000 | 2,449,032 | |
Monroeville Fin. Auth. UPMC Rev. Series 2012, 5% 2/15/26 | 1,605,000 | 1,651,259 | |
Montgomery County Higher Ed. & Health Auth. Rev.: | |||
Series 2016 A: | |||
5% 10/1/28 | 40,000 | 39,094 | |
5% 10/1/29 | 40,000 | 38,946 | |
5% 10/1/30 | 4,105,000 | 3,977,524 | |
5% 10/1/32 | 130,000 | 124,591 | |
5% 10/1/36 | 4,395,000 | 4,185,180 | |
5% 10/1/40 | 2,405,000 | 2,236,181 | |
Series 2019, 4% 9/1/44 | 4,875,000 | 4,598,471 | |
Northampton County Gen. Purp. Auth. Hosp. Rev. (St. Luke's Univ. Health Network Proj.) Series 2018 A, 4% 8/15/48 | 6,835,000 | 6,163,826 | |
Pennsylvania Ctfs. Prtn. Series 2018 A: | |||
5% 7/1/35 | 710,000 | 751,231 | |
5% 7/1/37 | 755,000 | 796,405 | |
5% 7/1/38 | 710,000 | 745,277 | |
5% 7/1/43 | 1,890,000 | 1,957,619 | |
Pennsylvania Econ. Dev. Fing. Auth. Indl. Dev. Rev. (Presbyterian Sr. Living Proj.): | |||
Series 2023 B1, 5.25% 7/1/49 | 925,000 | 973,256 | |
Series 2023 B2, 5% 7/1/38 | 1,040,000 | 1,113,586 | |
Pennsylvania Higher Edl. Facilities Auth. Rev.: | |||
(Drexel Univ. Proj.) Series 2016, 5% 5/1/35 | 1,495,000 | 1,515,280 | |
Series 2016: | |||
5% 5/1/29 | 945,000 | 961,345 | |
5% 5/1/31 | 945,000 | 960,527 | |
Pennsylvania Hsg. Fin. Agcy. Series 2023 142A: | |||
4.5% 10/1/38 | 2,075,000 | 2,137,540 | |
5% 10/1/43 | 1,495,000 | 1,557,985 | |
Pennsylvania Pub. School Bldg. Auth. School Rev. (The School District of The City of Harrisburg Proj.) Series 2016 A: | |||
5% 12/1/29 | 4,595,000 | 4,784,592 | |
5% 12/1/29 (Pre-Refunded to 12/1/26 @ 100) | 720,000 | 752,627 | |
Pennsylvania State Univ. Series 2020 A, 4% 9/1/50 | 2,050,000 | 2,005,274 | |
Pennsylvania Tpk. Commission Tpk. Rev.: | |||
Series 2021 A, 4% 12/1/50 | 16,995,000 | 15,899,191 | |
Series 2024, 5% 12/1/40 | 2,650,000 | 2,988,265 | |
Philadelphia Arpt. Rev. Series 2017 A: | |||
5% 7/1/28 | 470,000 | 494,432 | |
5% 7/1/29 | 470,000 | 493,175 | |
5% 7/1/30 | 520,000 | 544,790 | |
5% 7/1/31 | 565,000 | 591,011 | |
5% 7/1/32 | 520,000 | 543,750 | |
5% 7/1/33 | 565,000 | 589,070 | |
5% 7/1/42 | 2,255,000 | 2,322,677 | |
Philadelphia Auth. for Indl. Dev. Series 2017, 5% 11/1/47 | 10,470,000 | 10,555,773 | |
Philadelphia Gas Works Rev.: | |||
Series 16 A, 4% 8/1/45 (Assured Guaranty Muni. Corp. Insured) | 2,185,000 | 2,156,751 | |
Series 2015: | |||
5% 8/1/26 | 945,000 | 958,853 | |
5% 8/1/27 | 945,000 | 958,882 | |
5% 8/1/28 | 1,890,000 | 1,918,137 | |
Philadelphia Gen. Oblig. Series 2019 B: | |||
5% 2/1/33 | 1,510,000 | 1,631,025 | |
5% 2/1/36 | 1,400,000 | 1,494,483 | |
5% 2/1/37 | 1,810,000 | 1,929,942 | |
Philadelphia School District: | |||
Series 2016 F, 5% 9/1/29 | 3,280,000 | 3,376,695 | |
Series 2018 A: | |||
5% 9/1/34 | 1,370,000 | 1,443,296 | |
5% 9/1/35 | 945,000 | 994,796 | |
Series 2018 B, 5% 9/1/43 | 1,315,000 | 1,355,849 | |
Series 2019 A: | |||
4% 9/1/35 | 2,175,000 | 2,214,773 | |
4% 9/1/36 | 1,890,000 | 1,920,222 | |
5% 9/1/31 | 1,100,000 | 1,177,284 | |
5% 9/1/33 | 6,485,000 | 6,953,132 | |
5% 9/1/33 (Assured Guaranty Muni. Corp. Insured) | 1,945,000 | 2,103,311 | |
Philadelphia Wtr. & Wastewtr. Rev. Series 2023 B: | |||
5% 9/1/39 (Assured Guaranty Muni. Corp. Insured) | 4,275,000 | 4,841,565 | |
5% 9/1/40 (Assured Guaranty Muni. Corp. Insured) | 4,750,000 | 5,316,293 | |
5.5% 9/1/53 (Assured Guaranty Muni. Corp. Insured) | 2,720,000 | 3,072,935 | |
Pittsburgh & Allegheny County Parking Sys. Series 2017: | |||
5% 12/15/35 | 1,060,000 | 1,107,772 | |
5% 12/15/37 | 470,000 | 490,607 | |
Pittsburgh Wtr. & Swr. Auth. Wtr. & Swr. Sys. Rev. Series 2019 B, 5% 9/1/32 (Assured Guaranty Muni. Corp. Insured) | 1,890,000 | 2,167,943 | |
Pocono Mountains Indl. Park Auth. (St. Luke's Hosp. - Monroe Proj.) Series 2015 A, 5% 8/15/40 | 1,695,000 | 1,702,082 | |
Southcentral Pennsylvania Gen. Auth. Rev.: | |||
Series 2019 A: | |||
4% 6/1/44 | 1,405,000 | 1,354,651 | |
4% 6/1/49 | 3,345,000 | 3,193,052 | |
5% 6/1/44 | 2,450,000 | 2,534,691 | |
5% 6/1/49 | 3,915,000 | 4,025,061 | |
Series 2023 A, 5% 6/1/29 | 9,600,000 | 10,416,019 | |
State Pub. School Bldg. Auth. Lease Rev. (The School District of Philadelphia Proj.) Series 2015 A, 5% 6/1/26 | 695,000 | 704,423 | |
Union County Hosp. Auth. Rev. Series 2018 B: | |||
5% 8/1/33 | 945,000 | 968,502 | |
5% 8/1/38 | 3,025,000 | 3,134,193 | |
5% 8/1/48 | 2,690,000 | 2,739,480 | |
TOTAL PENNSYLVANIA | 207,464,236 | ||
Puerto Rico - 1.1% | |||
Puerto Rico Commonwealth Aqueduct & Swr. Auth.: | |||
Series 2021 B: | |||
4% 7/1/42 (e) | 2,165,000 | 2,032,732 | |
5% 7/1/33 (e) | 1,030,000 | 1,082,769 | |
5% 7/1/37 (e) | 4,335,000 | 4,530,645 | |
Series 2022 A, 4% 7/1/42 (e) | 2,165,000 | 2,032,757 | |
Puerto Rico Commonwealth Pub. Impt. Gen. Oblig. Series 2021 A1: | |||
0% 7/1/33 | 10,912,493 | 7,347,084 | |
4% 7/1/33 | 8,345,792 | 8,370,440 | |
4% 7/1/35 | 3,005,000 | 2,952,718 | |
5.625% 7/1/27 | 1,085,763 | 1,132,625 | |
5.625% 7/1/29 | 1,260,915 | 1,353,132 | |
Puerto Rico Sales Tax Fing. Corp. Sales Tax Rev. Series 2019 A2, 4.329% 7/1/40 | 5,710,000 | 5,659,892 | |
TOTAL PUERTO RICO | 36,494,794 | ||
Rhode Island - 0.8% | |||
Rhode Island Health & Edl. Bldg. Corp. Higher Ed. Facilities Rev.: | |||
Series 2016 B: | |||
5% 9/1/31 | 4,605,000 | 4,630,107 | |
5% 9/1/36 | 185,000 | 185,589 | |
Series 2016, 5% 5/15/39 | 3,100,000 | 3,136,184 | |
Series 2024, 5% 5/15/34 | 1,695,000 | 1,887,463 | |
Rhode Island Health and Edl. Bldg. Corp. Higher Ed. Facility Rev. Series 2024: | |||
5% 6/1/35 | 1,210,000 | 1,379,814 | |
5% 6/1/42 | 3,300,000 | 3,616,788 | |
5% 6/1/43 | 1,180,000 | 1,289,130 | |
5% 6/1/48 | 5,135,000 | 5,533,007 | |
Rhode Island Hsg. & Mtg. Fin. Corp.: | |||
Series 2019 70, 4% 10/1/49 | 515,000 | 514,531 | |
Series 2021 74, 3% 4/1/49 | 3,710,000 | 3,632,924 | |
Rhode Island Hsg. & Mtg. Fin. Corp. Rev. Series 72 A, 3.5% 10/1/50 | 775,000 | 766,089 | |
TOTAL RHODE ISLAND | 26,571,626 | ||
South Carolina - 2.6% | |||
Beaufort County School District Series 2021 A, 2% 3/1/34 | 1,080,000 | 899,137 | |
Charleston County Arpt. District Series 2019: | |||
5% 7/1/43 | 1,510,000 | 1,596,607 | |
5% 7/1/48 | 11,330,000 | 11,870,024 | |
South Carolina Hsg. Fin. & Dev. Auth. Mtg. Rev.: | |||
Series 2019 A, 4% 1/1/50 | 945,000 | 944,915 | |
Series 2022 A: | |||
5% 1/1/29 | 285,000 | 304,630 | |
5% 7/1/29 | 470,000 | 505,933 | |
5% 1/1/30 | 470,000 | 502,957 | |
5% 7/1/30 | 520,000 | 559,354 | |
5% 1/1/31 | 520,000 | 559,114 | |
5% 7/1/31 | 535,000 | 577,875 | |
Series 2023 B, 6% 1/1/54 | 985,000 | 1,080,709 | |
South Carolina Jobs-Econ. Series 2024 A, 5.5% 11/1/46 | 8,000,000 | 9,091,003 | |
South Carolina Jobs-Econ. Dev. Auth. Series 2019 C, 5% 7/1/32 | 4,080,000 | 4,326,182 | |
South Carolina Pub. Svc. Auth. Rev.: | |||
Series 2016 B: | |||
5% 12/1/35 | 3,425,000 | 3,496,317 | |
5% 12/1/36 | 5,140,000 | 5,241,920 | |
Series 2016 C: | |||
5% 12/1/24 | 485,000 | 487,337 | |
5% 12/1/25 | 565,000 | 576,532 | |
5% 12/1/26 | 945,000 | 984,285 | |
Series 2024 A: | |||
5% 12/1/38 | 2,800,000 | 3,146,814 | |
5.25% 12/1/49 | 1,710,000 | 1,868,136 | |
5.5% 12/1/54 | 2,360,000 | 2,615,687 | |
Series 2024 B: | |||
4.125% 12/1/44 | 585,000 | 576,918 | |
5% 12/1/33 | 1,850,000 | 2,095,757 | |
5% 12/1/39 | 2,640,000 | 2,951,668 | |
5% 12/1/46 | 875,000 | 939,875 | |
5.25% 12/1/54 | 6,445,000 | 6,953,188 | |
Spartanburg County Reg'l. Health Series 2017 A: | |||
4% 4/15/43 | 9,360,000 | 9,023,270 | |
4% 4/15/48 | 6,530,000 | 6,061,322 | |
5% 4/15/48 | 8,855,000 | 9,074,969 | |
TOTAL SOUTH CAROLINA | 88,912,435 | ||
South Dakota - 0.1% | |||
South Dakota Health & Edl. Facilities Auth. Rev.: | |||
Series 2017: | |||
5% 7/1/30 | 805,000 | 847,405 | |
5% 7/1/35 | 685,000 | 714,956 | |
Series 2020 A, 3% 9/1/45 | 2,245,000 | 1,788,189 | |
TOTAL SOUTH DAKOTA | 3,350,550 | ||
Tennessee - 1.5% | |||
Chattanooga Health Ed. & Hsg. Facility Board Rev.: | |||
Series 2019 A1, 4% 8/1/44 | 1,700,000 | 1,641,561 | |
Series 2019 A2: | |||
5% 8/1/37 | 810,000 | 864,306 | |
5% 8/1/44 | 1,125,000 | 1,169,475 | |
Metropolitan Govt. Nashville & Davidson County Elec. Rev.: | |||
Series 2024 A: | |||
5% 5/15/29 | 1,000,000 | 1,095,310 | |
5% 5/15/31 | 6,285,000 | 7,102,056 | |
5% 5/15/32 | 2,000,000 | 2,292,402 | |
5% 5/15/41 | 2,000,000 | 2,274,472 | |
5% 5/15/43 | 1,660,000 | 1,870,462 | |
5% 5/15/44 | 1,665,000 | 1,869,232 | |
Series 2024 B: | |||
5% 5/15/29 | 2,690,000 | 2,946,384 | |
5% 5/15/30 | 4,160,000 | 4,629,411 | |
Nashville and Davidson County Metropolitan Govt. Health & Edl. Facilities Board Rev. (Lipscomb Univ. Proj.) Series 2019 A: | |||
4% 10/1/49 | 2,445,000 | 2,131,727 | |
5.25% 10/1/58 | 7,340,000 | 7,426,691 | |
Shelby County Health Edl. & Hsg. Facilities Board Rev. (Methodist Le Bonheur Health Proj.) Series 2017 A: | |||
5% 5/1/27 | 1,160,000 | 1,207,611 | |
5% 5/1/29 | 1,170,000 | 1,210,944 | |
5% 5/1/30 | 2,260,000 | 2,331,021 | |
5% 5/1/31 | 1,190,000 | 1,225,692 | |
Shelby County Tenn Health Edl.& H Bonds Series 2024 B, 5%, tender 9/1/29 (b) | 4,645,000 | 4,932,461 | |
Tennessee Hsg. Dev. Agcy. Series 2015 A, 3.5% 7/1/45 | 570,000 | 566,521 | |
Tennessee Hsg. Dev. Agcy. Residential: | |||
Series 2019 3: | |||
2.6% 7/1/39 | 270,000 | 225,672 | |
2.8% 7/1/44 | 325,000 | 259,723 | |
Series 2019 4, 2.9% 7/1/39 | 660,000 | 563,873 | |
TOTAL TENNESSEE | 49,837,007 | ||
Texas - 7.4% | |||
Aldine Independent School District Series 2024, 5% 2/15/37 | 1,020,000 | 1,177,041 | |
Alvin Independent School District Series 2024: | |||
5% 2/15/32 | 1,000,000 | 1,132,854 | |
5% 2/15/33 | 1,000,000 | 1,144,256 | |
Board of Regents of The Texas A&M Univ. Sys. Permanent Univ. Fund Series 2023, 5% 7/1/38 | 4,245,000 | 4,772,511 | |
Bryan Tex For Previous Issuess Series 2020, 2.125% 8/15/34 | 740,000 | 600,453 | |
Central Reg'l. Mobility Auth.: | |||
Series 2020 A, 5% 1/1/49 | 3,720,000 | 3,880,985 | |
Series 2020 B, 5% 1/1/45 | 1,650,000 | 1,731,888 | |
Collin County Series 2022, 4% 2/15/39 | 1,275,000 | 1,298,886 | |
Conroe Independent School District Series 2024: | |||
5% 2/15/36 | 2,785,000 | 3,227,416 | |
5% 2/15/37 | 4,950,000 | 5,720,952 | |
5% 2/15/38 | 2,195,000 | 2,527,293 | |
Coppell Tex Series 2020, 1.375% 2/1/35 | 1,470,000 | 1,076,759 | |
Dallas Area Rapid Transit Sales Tax Rev. Series 2020 A, 5% 12/1/45 | 1,355,000 | 1,442,779 | |
Dallas Fort Worth Int'l. Arpt. Rev.: | |||
Series 2020 B: | |||
4% 11/1/34 | 3,220,000 | 3,318,094 | |
4% 11/1/35 | 2,860,000 | 2,941,209 | |
Series 2023 B, 5% 11/1/38 | 2,750,000 | 3,119,195 | |
El Paso Gen. Oblig. Series 2024: | |||
5% 8/15/32 | 500,000 | 571,269 | |
5% 8/15/34 | 545,000 | 636,035 | |
Fort Bend Grand Parkway Toll Road Auth. Series 2021, 3% 3/1/46 | 1,600,000 | 1,271,286 | |
Frisco Texas Series 2022, 2% 2/15/41 | 645,000 | 442,494 | |
Garland Elec. Util. Sys. Rev. Series 2021 A: | |||
4% 3/1/46 | 1,700,000 | 1,628,806 | |
4% 3/1/51 | 2,125,000 | 1,993,712 | |
Grand Parkway Trans. Corp.: | |||
Series 2018 A: | |||
5% 10/1/36 | 4,720,000 | 5,002,989 | |
5% 10/1/37 | 9,440,000 | 9,989,005 | |
5% 10/1/43 | 5,195,000 | 5,408,585 | |
Series 2020 C, 4% 10/1/49 | 2,740,000 | 2,593,470 | |
Greenville Gen. Oblig. Series 2021, 2% 2/15/33 | 1,055,000 | 873,371 | |
Harris County Cultural Ed. Facilities Fin. Corp. Med. Facilities Rev. Series 2024, 5% 5/15/29 | 2,785,000 | 3,006,476 | |
Harris County Cultural Ed. Facilities Fin. Corp. Rev. Series 2024 B, 5% 7/1/38 | 3,065,000 | 3,486,661 | |
Harris County Toll Road Rev. (Harris County Toll Road Auth. Proj.) Series 2018 A, 5% 8/15/33 | 1,890,000 | 2,001,706 | |
Houston Arpt. Sys. Rev. Series 2018 D: | |||
5% 7/1/29 | 1,795,000 | 1,919,528 | |
5% 7/1/30 | 2,360,000 | 2,523,054 | |
5% 7/1/31 | 2,125,000 | 2,262,318 | |
5% 7/1/32 | 1,890,000 | 2,004,065 | |
5% 7/1/39 | 6,685,000 | 6,998,514 | |
Houston Higher Ed. Fin. Corp. Higher Ed. Rev. Series 2024, 5% 5/15/34 | 10,785,000 | 12,618,936 | |
Irving Hosp. Auth. Hosp. Rev. Series 2017 A: | |||
5% 10/15/33 | 995,000 | 1,014,352 | |
5% 10/15/34 | 1,575,000 | 1,603,565 | |
5% 10/15/35 | 1,145,000 | 1,164,402 | |
5% 10/15/44 | 790,000 | 793,938 | |
Lamar Consolidated Independent School District Series 2021, 3% 2/15/56 | 2,000,000 | 1,494,486 | |
Lower Colorado River Auth. Rev. (LCRA Transmission Svcs. Corp. Proj.): | |||
Series 2018: | |||
5% 5/15/33 | 4,260,000 | 4,508,685 | |
5% 5/15/35 | 2,005,000 | 2,116,269 | |
Series 2024: | |||
5% 5/15/32 (Assured Guaranty Muni. Corp. Insured) | 1,930,000 | 2,180,707 | |
5% 5/15/33 (Assured Guaranty Muni. Corp. Insured) | 1,380,000 | 1,578,268 | |
5% 5/15/34 (Assured Guaranty Muni. Corp. Insured) | 1,150,000 | 1,314,728 | |
5% 5/15/35 (Assured Guaranty Muni. Corp. Insured) | 1,240,000 | 1,415,230 | |
5% 5/15/36 (Assured Guaranty Muni. Corp. Insured) | 1,400,000 | 1,591,621 | |
5% 5/15/37 (Assured Guaranty Muni. Corp. Insured) | 1,000,000 | 1,133,354 | |
5% 5/15/38 (Assured Guaranty Muni. Corp. Insured) | 1,035,000 | 1,165,014 | |
5% 5/15/39 (Assured Guaranty Muni. Corp. Insured) | 1,200,000 | 1,339,942 | |
5% 5/15/40 (Assured Guaranty Muni. Corp. Insured) | 1,400,000 | 1,552,892 | |
Mansfield Tex Series 2020: | |||
2.125% 2/15/34 | 1,355,000 | 1,123,840 | |
2.375% 2/15/36 | 850,000 | 701,600 | |
New Hope Cultural Ed. Facilities Fin. Corp. (Childrens Med. Ctr. of Dallas) Series 2017 A: | |||
5% 8/15/28 | 1,415,000 | 1,485,743 | |
5% 8/15/47 | 1,140,000 | 1,164,503 | |
Newark Higher Ed. Fin. Corp. (Abilene Christian Univ. Proj.) Series 2016 A, 5% 4/1/29 | 1,985,000 | 2,035,483 | |
North Texas Tollway Auth. Rev.: | |||
(Sr. Lien Proj.) Series 2017 A: | |||
5% 1/1/34 | 945,000 | 982,447 | |
5% 1/1/35 | 1,225,000 | 1,272,000 | |
5% 1/1/36 | 1,135,000 | 1,176,731 | |
5% 1/1/37 | 4,440,000 | 4,599,027 | |
(Sub Lien Proj.) Series 2017 B: | |||
5% 1/1/30 | 250,000 | 254,747 | |
5% 1/1/31 | 350,000 | 356,492 | |
5% 1/1/33 | 1,415,000 | 1,469,154 | |
Series 2015 A, 5% 1/1/32 | 1,465,000 | 1,473,067 | |
Series 2018, 0% 1/1/29 (Assured Guaranty, Inc. Insured) | 14,265,000 | 12,324,058 | |
Series 2021 B: | |||
3% 1/1/46 | 4,000,000 | 3,162,054 | |
3% 1/1/51 | 10,685,000 | 8,070,572 | |
Northwest Independent School District Series 2023: | |||
5% 2/15/40 | 4,000,000 | 4,429,127 | |
5% 2/15/41 | 5,500,000 | 6,057,199 | |
Plano Gen. Oblig. Series 2018, 3.37% 9/1/37 | 900,000 | 861,580 | |
Prosper Independent School District: | |||
Series 2021 A, 3% 2/15/37 | 1,585,000 | 1,428,421 | |
Series 2024: | |||
5% 2/15/41 | 4,220,000 | 4,760,975 | |
5% 2/15/42 | 2,770,000 | 3,111,821 | |
San Antonio Elec. & Gas Sys. Rev. Series 2017: | |||
5% 2/1/32 | 1,180,000 | 1,238,771 | |
5% 2/1/34 | 1,415,000 | 1,491,790 | |
Southwest Higher Ed. Auth. Rev. (Southern Methodist Univ., TX. Proj.) Series 2017: | |||
5% 10/1/32 | 710,000 | 744,558 | |
5% 10/1/41 | 1,415,000 | 1,459,849 | |
Tarrant County Cultural Ed. Facilities Fin. Corp. Rev. Series 2018 B, 5% 7/1/43 | 1,320,000 | 1,370,459 | |
Texas Dept. of Hsg. & Cmnty. Affairs Multi-family Hsg. Rev. Series 2019, 2.95% 7/1/36 | 3,415,655 | 3,013,216 | |
Texas Dept. of Hsg. & Cmnty. Affairs Residential Mtg. Rev. Series 2023 B, 6% 1/1/54 | 4,095,000 | 4,494,383 | |
Texas Dept. of Hsg. & Cmnty. Affairs Single Family Mtg. Rev.: | |||
Series 2019 A, 4% 3/1/50 | 2,115,000 | 2,115,717 | |
Series 2023, 6% 3/1/54 | 2,855,000 | 3,140,229 | |
Series A, 3.5% 3/1/51 | 2,135,000 | 2,105,493 | |
Texas Private Activity Bond Surface Trans. Corp. (LBJ Infrastructure Group LLC I-635 Managed Lanes Proj.) Series 2020 A: | |||
4% 12/31/36 | 1,920,000 | 1,934,300 | |
4% 6/30/37 | 2,830,000 | 2,846,829 | |
4% 12/31/37 | 3,775,000 | 3,790,208 | |
4% 12/31/38 | 2,125,000 | 2,124,741 | |
Texas State Univ. Sys. Fing. Rev.: | |||
Series 2017 A, 5% 3/15/31 | 1,890,000 | 1,981,823 | |
Series 2019 A: | |||
4% 3/15/34 | 2,125,000 | 2,168,260 | |
4% 3/15/35 | 1,890,000 | 1,928,304 | |
Texas Trans. Commission State Hwy. Fund Rev. Series 2024, 5% 10/1/33 | 8,820,000 | 10,239,267 | |
Texas Wtr. Dev. Board Rev. Series 2021, 2.5% 10/15/39 | 2,000,000 | 1,568,975 | |
Univ. of Houston Univ. Revs. Series 2017 A, 5% 2/15/33 | 3,305,000 | 3,385,565 | |
Univ. of Texas Permanent Univ. Fund Rev.: | |||
Series 2016 B, 5% 7/1/29 | 885,000 | 916,127 | |
Series 2023 A, 5% 7/1/40 | 1,880,000 | 2,120,145 | |
Waco Gen. Oblig. Series 2020: | |||
2.125% 2/1/35 | 1,230,000 | 991,832 | |
2.25% 2/1/36 | 1,610,000 | 1,286,860 | |
TOTAL TEXAS | 253,070,646 | ||
Utah - 1.1% | |||
Canyons School District Utah (Utah School Bond Guaranty Prog.) Series 2021 A, 1.375% 6/15/33 | 3,875,000 | 3,010,301 | |
Salt Lake City Arpt. Rev.: | |||
Series 2017 B: | |||
5% 7/1/34 | 1,550,000 | 1,615,830 | |
5% 7/1/35 | 1,415,000 | 1,474,043 | |
5% 7/1/36 | 1,415,000 | 1,471,727 | |
5% 7/1/37 | 945,000 | 982,434 | |
Series 2021 B: | |||
5% 7/1/46 | 5,225,000 | 5,608,620 | |
5% 7/1/51 | 21,060,000 | 22,428,984 | |
Weber School District Utah (Utah School District Bond Guaranty Prog.) Series 2019, 2.375% 6/15/36 | 730,000 | 609,756 | |
TOTAL UTAH | 37,201,695 | ||
Vermont - 0.1% | |||
Vermont Edl. & Health Bldg. Fin. Agcy. Rev. (Champlain College Proj.) Series 2016 A: | |||
5% 10/15/41 | 2,265,000 | 2,208,070 | |
5% 10/15/46 | 2,645,000 | 2,485,633 | |
TOTAL VERMONT | 4,693,703 | ||
Virginia - 1.4% | |||
Arlington County IDA Hosp. Facilities Bonds Series 2023 A, 5%, tender 7/1/31 (b) | 1,280,000 | 1,379,732 | |
Chesapeake Gen. Oblig. Series 2020 A: | |||
5% 8/1/34 | 1,120,000 | 1,251,611 | |
5% 8/1/35 | 1,230,000 | 1,370,973 | |
Fredericksburg Econ. Dev. Auth. Rev. Series 2014, 5% 6/15/26 | 1,850,000 | 1,850,745 | |
Halifax County Indl. Dev. Auth. Bonds (Virgina Elec. and Pwr. Co. Proj.) Series 2010 A, 3.8%, tender 5/28/27 (b) | 2,570,000 | 2,601,705 | |
Lynchburg Econ. Dev. Series 2021, 3% 1/1/51 | 2,010,000 | 1,543,911 | |
Stafford County Econ. Dev. Auth. Hosp. Facilities Rev.: | |||
(Mary Washington Hosp. Proj.) Series 2016, 3% 6/15/29 | 350,000 | 338,684 | |
Series 2016: | |||
4% 6/15/37 | 325,000 | 319,070 | |
5% 6/15/28 | 945,000 | 967,517 | |
5% 6/15/33 | 210,000 | 214,759 | |
5% 6/15/36 | 945,000 | 963,762 | |
Virginia College Bldg. Auth. Edl. Facilities Rev.: | |||
(21St Century Collage and Equip. Programs) Series 2021 A, 4% 2/1/35 | 16,100,000 | 16,720,657 | |
(21st Century College and Equip. Programs): | |||
Series 2023 A, 5% 2/1/37 | 2,750,000 | 3,140,091 | |
Series 2023 B, 5% 2/1/34 | 6,750,000 | 7,776,849 | |
Virginia Commonwealth Trans. Board Rev. (Virginia Gen. Oblig. Proj.) Series 2017 A: | |||
5% 5/15/32 | 450,000 | 474,863 | |
5% 5/15/33 | 1,890,000 | 1,994,387 | |
Virginia St Pub. School Auth. Spl. O Series 2023, 5% 8/1/38 | 2,810,000 | 3,237,291 | |
Winchester Econ. Dev. Auth. Series 2015, 5% 1/1/44 | 2,360,000 | 2,376,527 | |
TOTAL VIRGINIA | 48,523,134 | ||
Washington - 3.1% | |||
Chelan County Pub. Util. District #1 Columbia River-Rock Island Hydro-Elec. Sys. Rev. Series A, 0% 6/1/28 (Nat'l. Pub. Fin. Guarantee Corp. Insured) | 1,395,000 | 1,228,285 | |
King County Gen. Oblig. Series 2021 A, 2% 1/1/37 | 535,000 | 416,840 | |
King County Wash Hsg. Auth. Afford (Kirkland Heights Proj.) Series 2023 A3, 4.625% 1/1/41 | 3,480,000 | 3,611,248 | |
Pierce County Gen. Oblig. Series 2019 A, 2.35% 7/1/33 | 3,795,000 | 3,332,243 | |
Tacoma Elec. Sys. Rev. Series 2017: | |||
5% 1/1/37 | 945,000 | 982,242 | |
5% 1/1/38 | 945,000 | 979,791 | |
Univ. of Washington Univ. Revs. Series 2024 A: | |||
5% 4/1/35 | 3,750,000 | 4,373,967 | |
5% 4/1/36 | 2,255,000 | 2,619,986 | |
5% 4/1/37 | 3,750,000 | 4,354,028 | |
5% 4/1/38 | 750,000 | 865,593 | |
5% 4/1/39 | 700,000 | 800,905 | |
Washington Convention Ctr. Pub. Facilities: | |||
Series 2021 B, 3% 7/1/43 | 550,000 | 435,443 | |
Series 2021, 4% 7/1/31 | 11,755,000 | 11,638,511 | |
Washington Gen. Oblig.: | |||
Series 2015 C, 5% 2/1/34 | 905,000 | 912,378 | |
Series 2017 D, 5% 2/1/33 | 1,985,000 | 2,070,292 | |
Series 2021 A: | |||
5% 6/1/35 | 4,000,000 | 4,427,736 | |
5% 8/1/35 | 1,000,000 | 1,109,382 | |
Series R-2017 A: | |||
5% 8/1/28 | 890,000 | 922,295 | |
5% 8/1/30 | 890,000 | 922,295 | |
Washington Health Care Facilities Auth. Rev.: | |||
(Overlake Hosp. Med. Ctr., WA. Proj.) Series 2017 B: | |||
5% 7/1/29 | 380,000 | 387,116 | |
5% 7/1/31 | 810,000 | 824,780 | |
5% 7/1/34 | 2,495,000 | 2,532,099 | |
5% 7/1/35 | 2,220,000 | 2,249,758 | |
5% 7/1/36 | 2,125,000 | 2,148,254 | |
5% 7/1/42 | 8,705,000 | 8,723,720 | |
(Providence Health Systems Proj.) Series 2018 B: | |||
5% 10/1/30 | 1,135,000 | 1,191,713 | |
5% 10/1/31 | 1,415,000 | 1,484,195 | |
5% 10/1/32 | 975,000 | 1,021,046 | |
5% 10/1/33 | 2,360,000 | 2,467,093 | |
(Virginia Mason Med. Ctr. Proj.) Series 2017: | |||
5% 8/15/29 | 2,125,000 | 2,178,359 | |
5% 8/15/30 | 945,000 | 967,929 | |
Series 2017 B, 4% 8/15/41 | 6,845,000 | 6,524,104 | |
Series 2019 A1: | |||
5% 8/1/34 | 1,790,000 | 1,922,891 | |
5% 8/1/37 | 945,000 | 1,008,357 | |
Series 2019 A2: | |||
5% 8/1/35 | 2,695,000 | 2,889,998 | |
5% 8/1/39 | 1,055,000 | 1,114,642 | |
Series 2020, 5% 9/1/55 | 9,515,000 | 9,864,536 | |
Washington Higher Ed. Facilities Auth. Rev.: | |||
(Gonzaga Univ. Proj.) Series 2019 A, 3% 4/1/49 | 3,265,000 | 2,576,101 | |
(Whitman College Proj.) Series 2024, 4% 1/1/43 | 4,390,000 | 4,339,964 | |
(Whitworth Univ. Proj.) Series 2016 A: | |||
5% 10/1/34 | 1,510,000 | 1,537,891 | |
5% 10/1/35 | 945,000 | 961,792 | |
5% 10/1/40 | 1,535,000 | 1,552,101 | |
Washington Hsg. Fin. Commission Nonprofit Hsg. Rev. (Judson Park Proj.) Series 2018: | |||
5% 7/1/33 (e) | 325,000 | 325,597 | |
5% 7/1/38 (e) | 100,000 | 97,935 | |
5% 7/1/48 (e) | 300,000 | 271,301 | |
TOTAL WASHINGTON | 107,166,732 | ||
West Virginia - 0.1% | |||
West Virginia Econ. Dev. Auth. Solid Waste Disp. Facilities Rev. Bonds (Appalachian Pwr. Co. - Amos Proj.) Series 2015 A, 3.375%, tender 6/15/28 (b) | 980,000 | 971,109 | |
West Virginia Hosp. Fin. Auth. Hosp. Rev. Series 2018 A: | |||
5% 1/1/33 | 1,735,000 | 1,786,501 | |
5% 1/1/43 | 1,635,000 | 1,659,424 | |
TOTAL WEST VIRGINIA | 4,417,034 | ||
Wisconsin - 2.5% | |||
Blue Ridge Healthcare Pub. Fin. Auth. Series 2020 A, 4% 1/1/45 | 1,415,000 | 1,337,838 | |
Howard Suamico Scd Series 2021, 2% 3/1/38 | 1,165,000 | 876,570 | |
Kohler Wis School District Series 2021, 2% 3/1/38 | 620,000 | 465,831 | |
Mauston School District Series 2021, 1.8% 3/1/37 (Assured Guaranty Muni. Corp. Insured) | 2,840,000 | 2,116,505 | |
New Richmond Scd Series 2024: | |||
4% 4/1/42 | 6,955,000 | 6,942,632 | |
4% 4/1/43 | 1,565,000 | 1,549,300 | |
5% 4/1/36 | 1,705,000 | 1,903,502 | |
5% 4/1/37 | 2,200,000 | 2,445,065 | |
5% 4/1/38 | 2,200,000 | 2,437,409 | |
Pub. Fin. Auth. Edl. Facilities Series 2018 A: | |||
5.25% 10/1/43 | 575,000 | 558,062 | |
5.25% 10/1/48 | 575,000 | 543,956 | |
Pub. Fin. Auth. Hosp. Rev.: | |||
(Renown Reg'l. Med. Ctr. Proj.) Series 2020 A, 4% 6/1/45 | 1,430,000 | 1,332,423 | |
Series 2019 A, 5% 10/1/44 | 5,820,000 | 6,048,971 | |
Series 2020 A, 3% 6/1/45 | 3,000,000 | 2,386,359 | |
Pub. Fin. Auth. Sr. Living Rev. (Mary's Woods At Marylhurst, Inc. Proj.) Series 2017 A: | |||
5% 5/15/25 (e) | 500,000 | 500,269 | |
5% 5/15/28 (e) | 550,000 | 555,659 | |
5.25% 5/15/37 (e) | 230,000 | 232,774 | |
5.25% 5/15/42 (e) | 220,000 | 220,944 | |
5.25% 5/15/47 (e) | 220,000 | 217,675 | |
5.25% 5/15/52 (e) | 410,000 | 397,725 | |
Pub. Fin. Auth. Wisconsin Retirement Facility Rev. Series 2018: | |||
5% 10/1/43 (e) | 620,000 | 620,419 | |
5% 10/1/48 (e) | 705,000 | 686,622 | |
5% 10/1/53 (e) | 1,615,000 | 1,545,656 | |
Roseman Univ. of Health: | |||
Series 2020: | |||
5% 4/1/50 (e) | 985,000 | 997,240 | |
5% 4/1/50 (Pre-Refunded to 4/1/30 @ 100) (e) | 100,000 | 110,260 | |
Series 2021 A: | |||
3% 7/1/50 | 4,070,000 | 2,996,495 | |
4.5% 6/1/56 (e) | 12,205,000 | 9,947,542 | |
Series 2021 B, 6.5% 6/1/56 (e) | 3,990,000 | 3,392,330 | |
Univ. of Wisconsin Hosp. & Clinics Auth. Bonds Series 2024 B, 5%, tender 10/1/31 (b) | 5,000,000 | 5,539,068 | |
Westosha Cent High School District Series 2021: | |||
1.75% 3/1/34 | 1,850,000 | 1,456,258 | |
2% 3/1/41 | 1,575,000 | 1,082,772 | |
Wisconsin Gen. Oblig. Series 2025 1, 5% 5/1/33 (f) | 1,390,000 | 1,558,548 | |
Wisconsin Health & Edl. Facilities: | |||
Series 2013 B2, 4% 11/15/43 | 2,480,000 | 2,403,882 | |
Series 2016, 4% 12/1/46 | 2,785,000 | 2,691,572 | |
Series 2017 A: | |||
4% 4/1/39 | 1,365,000 | 1,358,273 | |
5% 9/1/30 (Pre-Refunded to 9/1/27 @ 100) | 1,200,000 | 1,265,176 | |
5% 9/1/32 (Pre-Refunded to 9/1/27 @ 100) | 1,040,000 | 1,096,486 | |
Series 2019 A, 5% 11/1/39 | 3,975,000 | 3,767,348 | |
Series 2019 B1, 2.825% 11/1/28 | 325,000 | 302,946 | |
Wisconsin Health & Edl. Facilities Auth. Rev.: | |||
Bonds: | |||
Series 2018 C4, 5%, tender 6/22/29 (b) | 1,355,000 | 1,461,932 | |
Series 2018, 5%, tender 6/22/29 (b) | 1,960,000 | 2,115,598 | |
Series 2012, 5% 6/1/39 | 1,125,000 | 1,125,505 | |
Series 2021 A: | |||
3% 10/15/38 | 1,385,000 | 1,202,546 | |
3% 10/15/39 | 720,000 | 613,323 | |
Series 2024 A, 5.5% 2/15/54 | 1,375,000 | 1,497,777 | |
Wisconsin Rapids School District Series 2021, 2% 4/1/36 | 1,110,000 | 817,851 | |
TOTAL WISCONSIN | 84,722,894 | ||
TOTAL MUNICIPAL BONDS (Cost $3,437,815,275) | 3,372,317,775 | ||
Money Market Funds - 1.0% | |||
Shares | Value ($) | ||
Fidelity Tax-Free Cash Central Fund 3.86% (i)(j) (Cost $34,380,816) | 34,371,088 | 34,384,837 | |
TOTAL INVESTMENT IN SECURITIES - 99.7% (Cost $3,472,196,091) | 3,406,702,612 |
NET OTHER ASSETS (LIABILITIES) - 0.3% | 11,179,840 |
NET ASSETS - 100.0% | 3,417,882,452 |
(a) | Amount is stated in United States dollars unless otherwise noted. |
(b) | Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end. |
(c) | Level 3 security |
(d) | Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors. |
(e) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $55,584,096 or 1.6% of net assets. |
(f) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(g) | Non-income producing - Security is in default. |
(h) | Security initially issued in zero coupon form which converts to coupon form at a specified rate and date. The rate shown is the rate at period end. |
(i) | Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Tax-Free Cash Central Fund. |
(j) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Tax-Free Cash Central Fund 3.86% | 149,768,605 | 257,988,119 | 373,371,887 | 1,832,688 | 398 | (398) | 34,384,837 | 3.0% |
Total | 149,768,605 | 257,988,119 | 373,371,887 | 1,832,688 | 398 | (398) | 34,384,837 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Municipal Securities | 3,372,317,775 | - | 3,368,204,646 | 4,113,129 |
Money Market Funds | 34,384,837 | 34,384,837 | - | - |
Total Investments in Securities: | 3,406,702,612 | 34,384,837 | 3,368,204,646 | 4,113,129 |
Statement of Assets and Liabilities | ||||
As of July 31, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $3,437,815,275) | $ | 3,372,317,775 | ||
Fidelity Central Funds (cost $34,380,816) | 34,384,837 | |||
Total Investment in Securities (cost $3,472,196,091) | $ | 3,406,702,612 | ||
Cash | 100,000 | |||
Receivable for investments sold | 624,555 | |||
Receivable for fund shares sold | 2,442,167 | |||
Interest receivable | 33,963,859 | |||
Distributions receivable from Fidelity Central Funds | 133,686 | |||
Prepaid expenses | 635 | |||
Receivable from investment adviser for expense reductions | 508,288 | |||
Other receivables | 120 | |||
Total assets | 3,444,475,922 | |||
Liabilities | ||||
Payable for investments purchased on a delayed delivery basis | $ | 19,718,195 | ||
Payable for fund shares redeemed | 1,891,886 | |||
Distributions payable | 3,711,329 | |||
Accrued management fee | 1,218,819 | |||
Other payables and accrued expenses | 53,241 | |||
Total liabilities | 26,593,470 | |||
Net Assets | $ | 3,417,882,452 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 3,535,333,535 | ||
Total accumulated earnings (loss) | (117,451,083) | |||
Net Assets | $ | 3,417,882,452 | ||
Net Asset Value, offering price and redemption price per share ($3,417,882,452 ÷ 310,557,935 shares) | $ | 11.01 |
Statement of Operations | ||||
Six months ended July 31, 2024 (Unaudited) | ||||
Investment Income | ||||
Interest | $ | 53,626,188 | ||
Income from Fidelity Central Funds | 1,832,688 | |||
Total income | 55,458,876 | |||
Expenses | ||||
Management fee | $ | 6,943,252 | ||
Transfer agent fees | 244,098 | |||
Accounting fees and expenses | 46,511 | |||
Custodian fees and expenses | 18,607 | |||
Independent trustees' fees and expenses | 4,391 | |||
Registration fees | 92,415 | |||
Audit fees | 31,755 | |||
Legal | 5,879 | |||
Miscellaneous | 11,086 | |||
Total expenses before reductions | 7,397,994 | |||
Expense reductions | (3,275,852) | |||
Total expenses after reductions | 4,122,142 | |||
Net Investment income (loss) | 51,336,734 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (2,349,478) | |||
Fidelity Central Funds | 398 | |||
Total net realized gain (loss) | (2,349,080) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (6,376,648) | |||
Fidelity Central Funds | (398) | |||
Total change in net unrealized appreciation (depreciation) | (6,377,046) | |||
Net gain (loss) | (8,726,126) | |||
Net increase (decrease) in net assets resulting from operations | $ | 42,610,608 |
Statement of Changes in Net Assets | ||||
Six months ended July 31, 2024 (Unaudited) | Year ended January 31, 2024 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 51,336,734 | $ | 88,989,521 |
Net realized gain (loss) | (2,349,080) | (6,392,682) | ||
Change in net unrealized appreciation (depreciation) | (6,377,046) | 29,972,413 | ||
Net increase (decrease) in net assets resulting from operations | 42,610,608 | 112,569,252 | ||
Distributions to shareholders | (50,336,546) | (87,316,305) | ||
Share transactions | ||||
Proceeds from sales of shares | 468,389,662 | 967,358,461 | ||
Reinvestment of distributions | 28,908,171 | 51,813,569 | ||
Cost of shares redeemed | (273,441,908) | (720,048,957) | ||
Net increase (decrease) in net assets resulting from share transactions | 223,855,925 | 299,123,073 | ||
Total increase (decrease) in net assets | 216,129,987 | 324,376,020 | ||
Net Assets | ||||
Beginning of period | 3,201,752,465 | 2,877,376,445 | ||
End of period | $ | 3,417,882,452 | $ | 3,201,752,465 |
Other Information | ||||
Shares | ||||
Sold | 42,718,045 | 90,041,387 | ||
Issued in reinvestment of distributions | 2,645,729 | 4,825,956 | ||
Redeemed | (24,985,539) | (67,294,452) | ||
Net increase (decrease) | 20,378,235 | 27,572,891 | ||
Fidelity® Tax-Free Bond Fund |
Six months ended (Unaudited) July 31, 2024 | Years ended January 31, 2024 | 2023 | 2022 | 2021 | 2020 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 11.03 | $ | 10.96 | $ | 11.79 | $ | 12.25 | $ | 12.13 | $ | 11.37 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .168 | .329 | .304 | .291 | .312 | .337 | ||||||
Net realized and unrealized gain (loss) | (.023) | .064 | (.828) | (.427) | .152 | .772 | ||||||
Total from investment operations | .145 | .393 | (.524) | (.136) | .464 | 1.109 | ||||||
Distributions from net investment income | (.165) | (.323) | (.304) | (.291) | (.312) | (.337) | ||||||
Distributions from net realized gain | - | - | (.002) | (.033) | (.032) | (.012) | ||||||
Total distributions | (.165) | (.323) | (.306) | (.324) | (.344) | (.349) | ||||||
Net asset value, end of period | $ | 11.01 | $ | 11.03 | $ | 10.96 | $ | 11.79 | $ | 12.25 | $ | 12.13 |
Total Return C,D | 1.34 % | 3.71% | (4.38)% | (1.16)% | 3.94% | 9.87% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | .45% G | .46% | .46% | .46% | .46% | .46% | ||||||
Expenses net of fee waivers, if any | .25 % G | .25% | .25% | .25% | .25% | .25% | ||||||
Expenses net of all reductions | .25% G | .25% | .25% | .25% | .25% | .25% | ||||||
Net investment income (loss) | 3.09% G | 3.06% | 2.78% | 2.39% | 2.62% | 2.86% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 3,417,882 | $ | 3,201,752 | $ | 2,877,376 | $ | 4,518,267 | $ | 4,474,910 | $ | 4,458,835 |
Portfolio turnover rate H | 6 % G | 7% | 11% I | 8% | 19% | 8% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $55,320,118 |
Gross unrealized depreciation | (117,717,558) |
Net unrealized appreciation (depreciation) | $(62,397,440) |
Tax cost | $3,469,100,053 |
Short-term | $(35,796,166) |
Long-term | (16,778,195) |
Total capital loss carryforward | $(52,574,361) |
Purchases ($) | Sales ($) | |
Fidelity Tax-Free Bond Fund | 410,319,581 | 97,808,832 |
Maximum Management Fee Rate % | |
Fidelity Tax-Free Bond Fund | .43 |
Total Management Fee Rate % | |
Fidelity Tax-Free Bond Fund | .43 |
% of Average Net Assets | |
Fidelity Tax-Free Bond Fund | .0173 |
Amount ($) | |
Fidelity Tax-Free Bond Fund | 2,887 |
Contents
Municipal Bonds - 97.8% | |||
Principal Amount (a) | Value ($) | ||
Alabama - 1.8% | |||
Black Belt Energy Gas District Bonds Series 2022 E, 5%, tender 6/1/28 (b) | 14,780,000 | 15,446,044 | |
Homewood Ala Edl. Bldg. Auth. Lea (CHF - Horizons II, L.L.C. Student Hsg. & Proj. at Samford Univ.) Series 2024 A: | |||
5.25% 10/1/36 | 1,000,000 | 1,090,624 | |
5.5% 10/1/43 | 1,090,000 | 1,174,615 | |
Homewood Edl. Bldg. Auth. Rev.: | |||
(CHF - Horizons II, L.L.C. Student Hsg. & Proj. at Samford Univ.) Series 2024 C, 5.5% 10/1/44 | 900,000 | 968,647 | |
Series 2019 A: | |||
4% 12/1/36 | 960,000 | 938,341 | |
4% 12/1/38 | 1,595,000 | 1,536,602 | |
4% 12/1/41 | 1,260,000 | 1,179,978 | |
4% 12/1/44 | 1,125,000 | 1,029,914 | |
4% 12/1/49 | 1,355,000 | 1,211,593 | |
Huntsville Health Care Auth. Bonds Series 2023 A, 5%, tender 6/1/30 (b) | 6,710,000 | 7,207,258 | |
Infirmary Health Systems Spl. Care Facilities Fing. Auth. Rev.: | |||
Series 2016 A, 5% 2/1/26 | 3,585,000 | 3,646,659 | |
Series 2021 A, 3% 2/1/46 | 4,230,000 | 3,279,427 | |
Lower Alabama Gas District Bonds (No. 2 Proj.) Series 2020, 4%, tender 12/1/25 (b) | 7,960,000 | 7,981,576 | |
Mobile Indl. Dev. Board Poll. Cont. Rev. Bonds (Alabama Pwr. Co. Barry Plant Proj.) Series 2007 C, 3.78%, tender 6/16/26 (b) | 1,510,000 | 1,519,007 | |
Montgomery Med. Clinic Facilities Series 2015, 5% 3/1/36 | 1,310,000 | 957,833 | |
TOTAL ALABAMA | 49,168,118 | ||
Alaska - 0.2% | |||
Alaska Hsg. Fin. Corp. Series 2021 A: | |||
4% 6/1/30 | 1,030,000 | 1,064,064 | |
5% 6/1/27 | 700,000 | 735,777 | |
5% 12/1/27 | 935,000 | 991,196 | |
5% 6/1/28 | 1,230,000 | 1,313,779 | |
Alaska Hsg. Fin. Corp. Mtg. Rev. Series 2022 A, 3% 6/1/51 | 540,000 | 523,097 | |
Alaska Int'l. Arpts. Revs. Series 2016 A, 5% 10/1/26 | 1,325,000 | 1,346,146 | |
TOTAL ALASKA | 5,974,059 | ||
Arizona - 2.1% | |||
Arizona Health Facilities Auth. Rev. (Scottsdale Lincoln Hospitals Proj.) Series 2014 A, 5% 12/1/39 | 620,000 | 623,804 | |
Arizona Indl. Dev. Auth. Rev. Series 2019 2, 3.625% 5/20/33 | 1,657,901 | 1,573,233 | |
Chandler Indl. Dev. Auth. Indl. Dev. Rev. Bonds (Intel Corp. Proj.) Series 2005, 3.8%, tender 6/15/28 (b) | 8,905,000 | 9,018,631 | |
Maricopa County Indl. Dev. Auth.: | |||
(Creighton Univ. Proj.) Series 2020, 5% 7/1/47 | 560,000 | 584,436 | |
Bonds Series 2019 B, 5%, tender 9/1/24 (b) | 610,000 | 610,885 | |
Series 2021 A, 3% 9/1/51 | 2,500,000 | 1,943,642 | |
Maricopa County Indl. Dev. Auth. Sr. Living Facilities Series 2016: | |||
5.75% 1/1/36 (c) | 910,000 | 780,459 | |
6% 1/1/48 (c) | 1,250,000 | 956,137 | |
Maricopa County Rev.: | |||
Bonds: | |||
Series 2023 A1, 5%, tender 5/15/26 (b) | 4,075,000 | 4,189,797 | |
Series 2023 A2, 5%, tender 5/15/28 (b) | 4,220,000 | 4,470,409 | |
Series 2017 D, 3% 1/1/48 | 3,090,000 | 2,460,349 | |
Series 2019 E, 3% 1/1/49 | 1,835,000 | 1,449,151 | |
Maricopa County Spl. Health Care District Gen. Oblig. Series 2018 C, 5% 7/1/36 | 2,150,000 | 2,275,754 | |
Phoenix Ariz Indl. Dev. Auth. Rev.: | |||
(Guam Facilities Foundation, Inc. Projs.) Series 2014, 5.375% 2/1/41 | 2,245,000 | 2,076,628 | |
(Guam Facilities Foundation, Inc. Proj.) Series 2014, 5.125% 2/1/34 | 1,625,000 | 1,541,115 | |
Phoenix Civic Impt. Board Arpt. Rev. Series 2019 A, 5% 7/1/44 | 1,590,000 | 1,687,311 | |
Phoenix Civic Impt. Corp. Series 2019 A: | |||
4% 7/1/45 | 5,000,000 | 4,820,360 | |
5% 7/1/32 | 810,000 | 868,573 | |
5% 7/1/39 | 470,000 | 497,110 | |
5% 7/1/45 | 2,400,000 | 2,511,598 | |
Phoenix IDA Student Hsg. Rev. (Downtown Phoenix Student Hsg. II LLC Arizona State Univ. Proj.) Series 2019 A, 5% 7/1/59 | 1,000,000 | 1,005,692 | |
Salt Verde Finl. Corp. Sr. Gas Rev. Series 2007, 5% 12/1/37 | 5,415,000 | 5,975,142 | |
Student &Academic Svcs. Llc (Northern Arizona Univ. Proj.) Series 2024: | |||
5% 6/1/40 (Build America Mutual Assurance Insured) (d) | 685,000 | 761,453 | |
5% 6/1/41 (Build America Mutual Assurance Insured) (d) | 930,000 | 1,026,854 | |
Tempe Indl. Dev. Auth. Rev. (Friendship Village of Tempe Proj.) Series 2021 A, 4% 12/1/46 | 2,020,000 | 1,757,351 | |
TOTAL ARIZONA | 55,465,874 | ||
California - 1.6% | |||
Alameda Corridor Trans. Auth. Rev. Series 2024 A, 0% 10/1/53 (Assured Guaranty Muni. Corp. Insured) | 1,715,000 | 434,584 | |
Bay Area Toll Auth. San Francisco Bay Toll Bridge Rev. Bonds Series 2021 A, 2%, tender 4/1/28 (b) | 1,635,000 | 1,530,960 | |
California Edl. Facilities Auth. Rev. Series 2018 A, 5% 10/1/42 | 1,255,000 | 1,317,393 | |
California Gen. Oblig. Series 2023, 5% 10/1/39 | 490,000 | 558,313 | |
California Hsg. Fin. Agcy.: | |||
Series 2021 1, 3.5% 11/20/35 | 4,358,217 | 4,180,431 | |
Series 2023 A1, 4.375% 9/20/36 | 5,088,445 | 5,327,740 | |
California Muni. Fin. Auth. Rev. Series 2017 A: | |||
5% 7/1/42 | 935,000 | 948,124 | |
5.25% 11/1/36 | 480,000 | 483,423 | |
California Muni. Fin. Auth. Student Hsg. (CHF-Davis I, LLC - West Village Student Hsg. Proj.) Series 2018: | |||
5% 5/15/34 | 2,465,000 | 2,601,221 | |
5% 5/15/39 | 1,100,000 | 1,149,387 | |
California Pub. Works Board Lease Rev. (Various Cap. Projs.) Series 2022 C, 5% 8/1/30 | 520,000 | 581,881 | |
California Statewide Cmntys. Dev. Auth. Rev. Series 2015, 5% 2/1/45 (e)(f) | 684,026 | 478,818 | |
Golden State Tobacco Securitization Corp. Tobacco Settlement Rev. Series 2021 B2, 0% 6/1/66 | 41,760,000 | 4,797,506 | |
Long Beach Arpt. Rev.: | |||
Series 2022 A: | |||
5% 6/1/33 (Assured Guaranty Muni. Corp. Insured) | 470,000 | 544,759 | |
5% 6/1/34 (Assured Guaranty Muni. Corp. Insured) | 375,000 | 434,504 | |
5% 6/1/35 (Assured Guaranty Muni. Corp. Insured) | 280,000 | 323,482 | |
5% 6/1/36 (Assured Guaranty Muni. Corp. Insured) | 750,000 | 863,313 | |
5% 6/1/37 (Assured Guaranty Muni. Corp. Insured) | 655,000 | 751,438 | |
5% 6/1/39 (Assured Guaranty Muni. Corp. Insured) | 470,000 | 531,602 | |
Series 2022 B: | |||
5% 6/1/33 (Assured Guaranty Muni. Corp. Insured) | 420,000 | 486,806 | |
5% 6/1/34 (Assured Guaranty Muni. Corp. Insured) | 375,000 | 434,504 | |
5% 6/1/35 (Assured Guaranty Muni. Corp. Insured) | 280,000 | 323,482 | |
5% 6/1/36 (Assured Guaranty Muni. Corp. Insured) | 280,000 | 322,304 | |
5% 6/1/37 (Assured Guaranty Muni. Corp. Insured) | 470,000 | 539,200 | |
5% 6/1/38 (Assured Guaranty Muni. Corp. Insured) | 280,000 | 319,375 | |
5% 6/1/39 (Assured Guaranty Muni. Corp. Insured) | 530,000 | 599,466 | |
Middle Fork Proj. Fin. Auth. Series 2020: | |||
5% 4/1/25 | 2,700,000 | 2,718,909 | |
5% 4/1/26 | 1,900,000 | 1,934,627 | |
Mount Diablo Unified School District Series 2022 B, 4% 8/1/31 | 785,000 | 843,107 | |
Poway Unified School District: | |||
Series 2011 B, 0% 8/1/51 | 1,090,000 | 319,852 | |
Series B, 0% 8/1/38 | 4,065,000 | 2,431,833 | |
San Francisco City & County Arpts. Commission Int'l. Arpt. Rev. Series 2019 B, 5% 5/1/49 | 435,000 | 460,142 | |
Univ. of California Revs. Series 2023 BM, 5% 5/15/36 | 670,000 | 778,474 | |
Washington Township Health Care District Rev.: | |||
Series 2017 A, 5% 7/1/35 | 750,000 | 765,438 | |
Series 2017 B: | |||
5% 7/1/29 | 455,000 | 465,219 | |
5% 7/1/30 | 910,000 | 930,251 | |
TOTAL CALIFORNIA | 42,511,868 | ||
Colorado - 2.1% | |||
Colorado Health Facilities Auth. Rev. Bonds: | |||
Bonds: | |||
Series 2018 B, 5%, tender 11/20/25 (b) | 935,000 | 953,088 | |
Series 2019 B, 5%, tender 8/1/26 (b) | 705,000 | 720,822 | |
Series 2022 C, 5%, tender 8/15/28 (b) | 2,425,000 | 2,584,789 | |
Series 2023 A1, 5%, tender 11/15/28 (b) | 5,520,000 | 5,898,636 | |
Series 2018 A, 4% 11/15/48 | 900,000 | 858,884 | |
Series 2019 A: | |||
4% 11/1/39 | 845,000 | 828,141 | |
5% 11/1/26 | 1,400,000 | 1,453,665 | |
5% 11/15/39 | 1,170,000 | 1,246,634 | |
Series 2019 A1, 4% 8/1/44 | 13,820,000 | 13,344,928 | |
Series 2019 A2: | |||
3.25% 8/1/49 | 2,195,000 | 1,735,191 | |
4% 8/1/49 | 3,360,000 | 3,123,499 | |
Series 2019 B, 4% 1/1/40 | 1,560,000 | 1,568,515 | |
Series 2020 A, 4% 9/1/50 (Pre-Refunded to 9/1/30 @ 100) | 805,000 | 853,136 | |
Colorado Hsg. & Fin. Auth.: | |||
Series 2019 F, 4.25% 11/1/49 | 200,000 | 200,848 | |
Series 2019 H, 4.25% 11/1/49 | 120,000 | 120,572 | |
Series 2021 E, 3% 11/1/51 | 980,000 | 955,450 | |
Series 2022 F, 5.25% 11/1/52 | 1,635,000 | 1,693,849 | |
Colorado State Bldg. Excellent Schools Today Ctfs. of Prtn. Series 2018 N, 5% 3/15/37 | 1,870,000 | 1,974,387 | |
Colorado State Univ. Board of Governors Enterprise Sys. Rev. Series 2024 A: | |||
5% 3/1/31 | 1,000,000 | 1,124,671 | |
5% 3/1/40 | 1,000,000 | 1,132,353 | |
5% 3/1/42 | 1,000,000 | 1,115,355 | |
Denver City & County Gen. Oblig. Series 2020 A, 2% 8/1/36 | 3,240,000 | 2,542,294 | |
Univ. of Colorado Enterprise Sys. Rev. Bonds: | |||
Series 2019 C, 2%, tender 10/15/24 (b) | 6,295,000 | 6,263,684 | |
Series 2021 C3A, 2%, tender 10/15/25 (b) | 830,000 | 813,119 | |
Series 2021 C3B, 2%, tender 10/15/26 (b) | 700,000 | 674,424 | |
Vauxmont Metropolitan District: | |||
Series 2019, 5% 12/15/26 (Assured Guaranty Muni. Corp. Insured) | 126,000 | 130,537 | |
Series 2020, 5% 12/1/50 (Assured Guaranty Muni. Corp. Insured) | 1,404,000 | 1,461,595 | |
TOTAL COLORADO | 55,373,066 | ||
Connecticut - 2.5% | |||
Bridgeport Gen. Oblig. Series 2019 A, 5% 2/1/25 (Build America Mutual Assurance Insured) | 625,000 | 630,989 | |
Connecticut Gen. Oblig.: | |||
Series 2015 B, 5% 6/15/32 | 250,000 | 253,321 | |
Series 2016 B, 5% 5/15/26 | 510,000 | 528,668 | |
Series 2017 A, 5% 4/15/33 | 230,000 | 239,920 | |
Series 2019 A, 5% 4/15/26 | 615,000 | 636,446 | |
Series 2021 A: | |||
3% 1/15/39 | 785,000 | 691,281 | |
3% 1/15/40 | 950,000 | 821,668 | |
Connecticut Health & Edl. Facilities Auth. Rev.: | |||
(Sacred Heart Univ., CT. Proj.) Series 2017 I-1, 5% 7/1/42 | 3,120,000 | 3,164,310 | |
Bonds: | |||
Series 2017 B2, 3.2%, tender 7/1/26 (b) | 3,140,000 | 3,129,709 | |
Series 2017 C2, 2.8%, tender 2/3/26 (b) | 8,750,000 | 8,688,183 | |
Series 2020 B, 5%, tender 1/1/27 (b) | 1,665,000 | 1,715,710 | |
Series 2019 A: | |||
4% 7/1/49 | 1,635,000 | 1,528,246 | |
5% 7/1/26 | 5,455,000 | 5,513,377 | |
5% 7/1/27 (c)(f) | 555,000 | 360,750 | |
5% 7/1/34 (c)(f) | 685,000 | 445,250 | |
Series 2019 Q-1: | |||
5% 11/1/24 | 430,000 | 432,000 | |
5% 11/1/26 | 470,000 | 489,752 | |
Series 2020 K: | |||
4% 7/1/45 | 2,680,000 | 2,616,665 | |
5% 7/1/40 | 985,000 | 1,045,696 | |
Series 2021 G: | |||
4% 3/1/46 | 865,000 | 865,497 | |
4% 3/1/51 | 1,390,000 | 1,379,570 | |
Series 2021 S, 4% 6/1/51 | 855,000 | 799,361 | |
Series 2022 M: | |||
4% 7/1/39 | 1,040,000 | 1,044,658 | |
4% 7/1/40 | 1,075,000 | 1,070,496 | |
4% 7/1/52 | 5,490,000 | 5,167,996 | |
5% 7/1/32 | 1,485,000 | 1,654,207 | |
Series 2023 E, 5.25% 7/15/48 | 3,700,000 | 3,998,384 | |
Series A, 5% 7/1/26 | 935,000 | 937,322 | |
Series K1: | |||
5% 7/1/32 | 985,000 | 1,007,124 | |
5% 7/1/33 | 765,000 | 781,104 | |
5% 7/1/35 | 1,030,000 | 1,049,418 | |
Series K3, 5% 7/1/43 | 330,000 | 330,103 | |
Series R: | |||
4% 7/1/36 | 935,000 | 942,945 | |
5% 6/1/32 | 515,000 | 564,104 | |
5% 6/1/33 | 350,000 | 382,781 | |
5% 6/1/34 | 540,000 | 592,495 | |
5% 6/1/35 | 815,000 | 891,770 | |
Connecticut Hsg. Fin. Auth. Series 2021 B1, 3% 11/15/49 | 1,055,000 | 1,026,957 | |
Connecticut Spl. Tax Oblig. Trans. Infrastructure Rev. Series A, 5% 9/1/33 | 4,680,000 | 4,683,281 | |
Stratford Gen. Oblig. Series 2019, 5% 1/1/28 | 3,640,000 | 3,829,501 | |
Univ. of Connecticut Gen. Oblig. Series 2019 A, 5% 11/1/25 | 465,000 | 476,990 | |
TOTAL CONNECTICUT | 66,408,005 | ||
District Of Columbia - 1.3% | |||
District of Columbia Gen. Oblig. Series 2017 D, 5% 6/1/42 | 470,000 | 485,527 | |
District of Columbia Rev. Series 2018: | |||
5% 10/1/25 | 465,000 | 472,481 | |
5% 10/1/26 | 775,000 | 797,834 | |
5% 10/1/27 | 845,000 | 881,966 | |
5% 10/1/43 | 2,880,000 | 2,956,187 | |
District of Columbia Wtr. & Swr. Auth. Pub. Util. Rev. Bonds Series 2019 C, 1.75%, tender 10/1/24 (b) | 3,020,000 | 3,012,547 | |
Metropolitan Washington Arpts. Auth. Dulles Toll Road Rev.: | |||
(Dulles Metrorail and Cap. Impt. Projs.): | |||
Series 2019 A: | |||
5% 10/1/38 | 1,405,000 | 1,488,846 | |
5% 10/1/44 | 7,485,000 | 7,802,514 | |
Series 2019 B, 3% 10/1/50 (Assured Guaranty Muni. Corp. Insured) | 6,425,000 | 4,915,706 | |
(Dulles Metrorail And Cap. Impt. Projs.) Series 2019 B, 4% 10/1/49 | 4,490,000 | 4,204,980 | |
(Dulles Metrorail and Cap. Impt. Projs.) Series 2019 B, 5% 10/1/47 | 7,020,000 | 7,252,898 | |
Series 2009 B, 0% 10/1/32 (Assured Guaranty, Inc. Insured) | 1,665,000 | 1,225,193 | |
TOTAL DISTRICT OF COLUMBIA | 35,496,679 | ||
Florida - 3.6% | |||
Atlantic Beach Health Care Facilities Series A, 5% 11/15/43 | 790,000 | 805,198 | |
Cap. Projs. Fin. Auth. Student Hsg. Rev. (Cap. Projs. Ln. Prog. - Florida Univs.) Series 2020 A, 5% 10/1/30 | 750,000 | 787,430 | |
Central Florida Expressway Auth. Sr. Lien Rev. Series 2021: | |||
4% 7/1/38 (Assured Guaranty Muni. Corp. Insured) | 1,065,000 | 1,088,352 | |
4% 7/1/39 (Assured Guaranty Muni. Corp. Insured) | 930,000 | 947,845 | |
5% 7/1/32 (Assured Guaranty Muni. Corp. Insured) | 2,810,000 | 3,171,529 | |
5% 7/1/33 (Assured Guaranty Muni. Corp. Insured) | 2,490,000 | 2,790,910 | |
Collier County Indl. Dev. Auth. Healthcare Facilities Rev.: | |||
(NCH Healthcare Sys. Projs.) Series 2024 A: | |||
5% 10/1/49 (Assured Guaranty Muni. Corp. Insured) | 1,120,000 | 1,206,847 | |
5% 10/1/54 (Assured Guaranty Muni. Corp. Insured) | 1,345,000 | 1,434,489 | |
Bonds (NCH Healthcare Sys. Projs.): | |||
Series 2024 B1, 5%, tender 10/1/29 (Assured Guaranty Muni. Corp. Insured) (b) | 435,000 | 464,482 | |
Series 2024 B2, 5%, tender 10/1/31 (Assured Guaranty Muni. Corp. Insured) (b) | 545,000 | 590,671 | |
Escambia County Health Facilities Auth. Health Facilities Rev. Series 2020 A: | |||
3% 8/15/50 (Assured Guaranty Muni. Corp. Insured) | 1,805,000 | 1,364,381 | |
4% 8/15/45 | 3,670,000 | 3,348,677 | |
Florida Higher Edl. Facilities Fing. Auth.: | |||
(Rollins College Proj.) Series 2020 A, 3% 12/1/48 | 8,285,000 | 6,362,836 | |
(St. Leo Univ. Proj.) Series 2019, 5% 3/1/25 | 625,000 | 617,993 | |
Florida Hsg. Fin. Corp. Multi-family Mtg. Rev. Bonds: | |||
Series 2023 B, 5%, tender 2/1/26 (b) | 1,685,000 | 1,724,150 | |
Series 2023 C, 5%, tender 12/1/25 (b) | 1,220,000 | 1,245,559 | |
Florida Hsg. Fin. Corp. Rev. Series 2019 1, 4% 7/1/50 | 4,390,000 | 4,386,581 | |
Florida Mid-Bay Bridge Auth. Rev. Series 2015 A: | |||
5% 10/1/29 | 2,315,000 | 2,348,380 | |
5% 10/1/35 | 935,000 | 947,622 | |
Hillsborough County Aviation Auth. Rev. Series 2018 F: | |||
5% 10/1/37 | 1,415,000 | 1,506,653 | |
5% 10/1/43 | 1,870,000 | 1,960,604 | |
Hillsborough County School Board Ctfs. of Prtn. (School Board of Hillsbrough County, Florida Master Lease Prog.) Series 2017 B, 5% 7/1/28 | 2,460,000 | 2,578,963 | |
Jacksonville Spl. Rev. Series 2022 A: | |||
5% 10/1/24 | 465,000 | 466,445 | |
5% 10/1/25 | 360,000 | 368,282 | |
5% 10/1/26 | 255,000 | 266,072 | |
5% 10/1/27 | 205,000 | 217,804 | |
5% 10/1/28 | 405,000 | 437,383 | |
5% 10/1/29 | 350,000 | 384,424 | |
5% 10/1/30 | 330,000 | 367,622 | |
5% 10/1/32 | 305,000 | 349,263 | |
Lee County School Board Ctfs. Series 2019 A, 5% 8/1/28 | 1,890,000 | 2,030,858 | |
Lee Memorial Health Sys. Hosp. Rev. Series 2019 A1: | |||
5% 4/1/26 | 935,000 | 958,823 | |
5% 4/1/44 | 3,030,000 | 3,132,684 | |
Manatee County School District Series 2017, 5% 10/1/28 (Assured Guaranty Muni. Corp. Insured) | 2,340,000 | 2,435,016 | |
Miami Beach Health Facilities Auth. Hosp. Rev. Series 2021 B, 3% 11/15/51 | 2,475,000 | 1,937,844 | |
Miami-Dade County Aviation Rev. Series 2020 A, 4% 10/1/37 | 1,870,000 | 1,891,195 | |
Miami-Dade County School Board Ctfs. of Prtn. Series 2015 B, 5% 5/1/28 | 1,605,000 | 1,622,794 | |
Miami-Dade County Wtr. & Swr. Rev. Series 2019 B, 4% 10/1/49 | 3,745,000 | 3,662,054 | |
Orange County Health Facilities Auth. Series 2022, 4% 10/1/52 | 1,365,000 | 1,284,011 | |
Orange County School Board Ctfs. of Prtn. Series 2015 D, 5% 8/1/30 (Pre-Refunded to 8/1/25 @ 100) | 820,000 | 836,535 | |
Palm Beach County Health Facilities Auth. Hosp. Rev. (Jupiter Med. Ctr. Proj.) Series 2022, 5% 11/1/52 | 2,850,000 | 2,881,211 | |
Palm Beach County Health Facilities Auth. Rev. Series 2019 B, 5% 5/15/53 | 1,425,000 | 1,360,095 | |
Pasco County Tax Alloc Series 2023 A: | |||
5.25% 9/1/36 (Assured Guaranty Muni. Corp. Insured) | 500,000 | 567,933 | |
5.5% 9/1/40 (Assured Guaranty Muni. Corp. Insured) | 1,000,000 | 1,132,102 | |
5.5% 9/1/41 (Assured Guaranty Muni. Corp. Insured) | 500,000 | 562,880 | |
Pasco County School Board Ctfs. of Prtn. Series 2018 A, 5% 8/1/35 (Build America Mutual Assurance Insured) | 1,870,000 | 2,000,100 | |
South Miami Health Facilities Auth. Hosp. Rev.: | |||
(Baptist Med. Ctr., FL. Proj.) Series 2017, 5% 8/15/28 | 1,450,000 | 1,523,350 | |
Series 2017, 4% 8/15/47 | 8,925,000 | 8,377,158 | |
Tallahassee Health Facilities Rev.: | |||
(Tallahassee Memorial Healthcare, Inc. Proj.) Series 2016 A, 5% 12/1/55 | 955,000 | 939,855 | |
Series 2015 A, 5% 12/1/40 | 1,570,000 | 1,573,517 | |
Tampa Hosp. Rev. (H. Lee Moffitt Cancer Ctr. Proj.): | |||
Series 2016 B, 5% 7/1/37 | 900,000 | 915,852 | |
Series 2020 B: | |||
4% 7/1/45 | 5,780,000 | 5,557,458 | |
5% 7/1/40 | 655,000 | 695,718 | |
Tampa Tax Allocation (H. Lee Moffitt Cancer Ctr. Proj.) Series 2020 A: | |||
0% 9/1/38 | 935,000 | 511,512 | |
0% 9/1/39 | 795,000 | 413,032 | |
0% 9/1/40 | 935,000 | 459,085 | |
0% 9/1/41 | 935,000 | 434,801 | |
0% 9/1/42 | 935,000 | 411,697 | |
0% 9/1/45 | 1,730,000 | 644,056 | |
Volusia County Edl. Facilities Auth. Rev. (Embry-Riddle Aeronautical Univ., Inc. Proj.) Series 2020 A: | |||
5% 10/15/44 | 230,000 | 241,068 | |
5% 10/15/49 | 425,000 | 440,732 | |
TOTAL FLORIDA | 95,972,473 | ||
Georgia - 4.4% | |||
Burke County Indl. Dev. Auth. Poll. Cont. Rev.: | |||
(Georgia Transmission Corp. Proj.) Series 2012, 2.75% 1/1/52 (b) | 2,230,000 | 1,520,775 | |
Bonds (Georgia Pwr. Co. Plant Vogtle Proj.): | |||
Series 1994 9, 3.8%, tender 5/21/26 (b) | 3,200,000 | 3,228,237 | |
Series 2013 1, 3.375%, tender 3/12/27 (b) | 1,325,000 | 1,325,508 | |
Coweta County Dev. Auth. Rev. (Piedmont Healthcare, Inc. Proj.) Series 2019 A, 5% 7/1/44 | 4,680,000 | 4,877,524 | |
Fulton County Dev. Auth. Rev. Series 2019, 4% 6/15/49 | 180,000 | 171,809 | |
Gainesville & Hall County Hosp. Auth. Rev. Series 2020 A, 3% 2/15/47 | 6,980,000 | 5,497,560 | |
Georgia Muni. Elec. Auth. Pwr. Rev. Series 2019 A: | |||
4% 1/1/49 | 1,735,000 | 1,649,127 | |
5% 1/1/26 | 1,145,000 | 1,173,719 | |
5% 1/1/30 | 385,000 | 410,291 | |
5% 1/1/39 | 1,135,000 | 1,194,590 | |
5% 1/1/44 | 1,490,000 | 1,549,324 | |
Hosp. Auth. of Savannah Auth. Rev. Series 2019 A: | |||
4% 7/1/36 | 1,385,000 | 1,388,084 | |
4% 7/1/43 | 1,445,000 | 1,417,166 | |
Main Street Natural Gas, Inc.: | |||
Bonds: | |||
Series 2019 B, 4%, tender 12/2/24 (b) | 2,470,000 | 2,471,500 | |
Series 2021 A, 4%, tender 9/1/27 (b) | 37,435,000 | 37,719,353 | |
Series 2022 B, 5%, tender 6/1/29 (b) | 5,210,000 | 5,477,271 | |
Series 2022 E, 4%, tender 12/1/29 (b) | 12,405,000 | 12,507,722 | |
Series 2023 A, 5%, tender 6/1/30 (b) | 14,040,000 | 14,847,256 | |
Series 2023 D, 5%, tender 12/1/30 (b) | 7,880,000 | 8,359,528 | |
Series 2024 B: | |||
5% 3/1/28 | 700,000 | 724,039 | |
5% 3/1/29 | 2,050,000 | 2,138,777 | |
5% 9/1/29 | 730,000 | 764,939 | |
Monroe County Dev. Auth. Poll. Cont. Rev. (Georgia Pwr. Co. Plant Scherer Proj.) Series 1995, 2.25% 7/1/25 | 1,040,000 | 1,020,742 | |
Paulding County Hosp. Auth. Rev. Series 2022 A: | |||
5% 4/1/26 | 200,000 | 205,916 | |
5% 4/1/27 | 165,000 | 172,545 | |
5% 4/1/28 | 375,000 | 398,563 | |
5% 4/1/29 | 325,000 | 350,380 | |
5% 4/1/30 | 235,000 | 256,552 | |
5% 4/1/31 | 280,000 | 308,722 | |
5% 4/1/32 | 185,000 | 206,070 | |
Private Colleges & Univs. Auth. Rev.: | |||
(The Savannah College of Art & Design Projs.) Series 2021: | |||
4% 4/1/38 | 815,000 | 823,939 | |
5% 4/1/27 | 375,000 | 392,049 | |
5% 4/1/31 | 560,000 | 614,981 | |
5% 4/1/36 | 450,000 | 492,445 | |
Series 2020 B: | |||
4% 9/1/38 | 2,810,000 | 2,891,888 | |
4% 9/1/39 | 1,370,000 | 1,403,430 | |
TOTAL GEORGIA | 119,952,321 | ||
Hawaii - 0.1% | |||
Hawaii Gen. Oblig.: | |||
Series 2020 C, 4% 7/1/40 | 870,000 | 880,329 | |
Series FG, 5% 10/1/27 | 935,000 | 974,662 | |
Honolulu City & County Gen. Oblig. Series 2019 A, 5% 9/1/24 | 715,000 | 716,128 | |
TOTAL HAWAII | 2,571,119 | ||
Idaho - 0.2% | |||
Idaho Hsg. & Fin. Assoc. Single Family Mtg.: | |||
Series 2019 A, 4% 1/1/50 | 55,000 | 54,964 | |
Series 2021 A: | |||
5% 7/15/29 | 2,810,000 | 3,065,239 | |
5% 7/15/30 | 935,000 | 1,029,784 | |
5% 7/15/31 | 600,000 | 667,699 | |
5% 7/15/32 | 1,170,000 | 1,301,828 | |
TOTAL IDAHO | 6,119,514 | ||
Illinois - 13.3% | |||
Champaign County Cmnty. Unit: | |||
Series 2019: | |||
4% 6/1/26 | 95,000 | 96,351 | |
4% 6/1/27 | 775,000 | 791,870 | |
4% 6/1/28 | 585,000 | 601,322 | |
4% 6/1/29 | 1,450,000 | 1,496,019 | |
4% 6/1/30 | 935,000 | 961,740 | |
4% 6/1/31 | 1,170,000 | 1,201,602 | |
4% 6/1/34 | 935,000 | 954,026 | |
4% 6/1/35 | 1,205,000 | 1,229,485 | |
4% 6/1/36 | 1,475,000 | 1,500,848 | |
Series 2020 A: | |||
5% 1/1/29 | 630,000 | 671,555 | |
5% 1/1/30 | 585,000 | 623,097 | |
5% 1/1/31 | 795,000 | 844,906 | |
5% 1/1/33 | 1,545,000 | 1,631,786 | |
Chicago Board of Ed.: | |||
Series 2015 C: | |||
5.25% 12/1/35 | 1,870,000 | 1,874,364 | |
5.25% 12/1/39 | 40,000 | 40,048 | |
Series 2016 A, 7% 12/1/44 | 2,995,000 | 3,084,484 | |
Series 2017 C, 5% 12/1/25 | 290,000 | 293,730 | |
Series 2017 D, 5% 12/1/31 | 865,000 | 884,697 | |
Series 2017 H, 5% 12/1/36 | 650,000 | 662,276 | |
Series 2018 A, 5% 12/1/27 | 185,000 | 190,673 | |
Series 2018 C: | |||
5% 12/1/24 | 100,000 | 100,289 | |
5% 12/1/25 | 505,000 | 511,495 | |
5% 12/1/27 | 505,000 | 520,486 | |
Series 2019 A: | |||
5% 12/1/28 | 240,000 | 249,453 | |
5% 12/1/29 | 750,000 | 785,615 | |
5% 12/1/30 | 575,000 | 599,374 | |
5% 12/1/31 | 600,000 | 625,142 | |
Series 2021 A, 5% 12/1/38 | 1,200,000 | 1,243,660 | |
Series 2021 B, 5% 12/1/31 | 1,250,000 | 1,315,108 | |
Series 2022 A, 5% 12/1/47 | 2,085,000 | 2,110,253 | |
Series 2022 B: | |||
4% 12/1/35 | 1,760,000 | 1,729,494 | |
4% 12/1/36 | 2,915,000 | 2,841,587 | |
Chicago Gen. Oblig.: | |||
Series 2003 B, 5.5% 1/1/30 | 1,685,000 | 1,693,691 | |
Series 2019 A: | |||
5% 1/1/28 | 1,070,000 | 1,113,106 | |
5% 1/1/28 (Escrowed to Maturity) | 180,000 | 192,007 | |
5% 1/1/40 | 2,200,000 | 2,266,667 | |
Series 2020 A: | |||
5% 1/1/26 | 1,955,000 | 1,988,787 | |
5% 1/1/27 | 1,425,000 | 1,465,181 | |
5% 1/1/30 | 1,860,000 | 1,976,010 | |
5% 1/1/32 | 1,215,000 | 1,287,846 | |
Series 2021 A: | |||
5% 1/1/31 | 1,400,000 | 1,500,858 | |
5% 1/1/32 | 4,485,000 | 4,797,463 | |
5% 1/1/34 | 795,000 | 848,460 | |
Series 2021 B: | |||
4% 1/1/32 | 1,193,000 | 1,199,194 | |
4% 1/1/34 | 1,609,000 | 1,609,762 | |
4% 1/1/38 | 2,890,000 | 2,796,490 | |
Chicago O'Hare Int'l. Arpt. Rev.: | |||
Series 2015 B, 5% 1/1/32 | 935,000 | 939,403 | |
Series 2018 B: | |||
4% 1/1/44 | 5,100,000 | 4,999,254 | |
5% 1/1/36 | 2,105,000 | 2,250,920 | |
5% 1/1/37 | 3,040,000 | 3,245,485 | |
5% 1/1/48 | 9,830,000 | 10,238,644 | |
5% 1/1/53 | 360,000 | 371,373 | |
Series 2020 A: | |||
4% 1/1/37 | 3,105,000 | 3,180,853 | |
4% 1/1/38 | 655,000 | 666,449 | |
Series 2022 D: | |||
5% 1/1/36 | 2,000,000 | 2,245,818 | |
5% 1/1/37 | 2,400,000 | 2,688,113 | |
Cook County Cmnty. Consolidated School District No. 59 Series 2020: | |||
5% 3/1/25 | 795,000 | 803,887 | |
5% 3/1/28 | 1,265,000 | 1,352,424 | |
Cook County Gen. Oblig.: | |||
Series 2021 A: | |||
5% 11/15/31 | 3,415,000 | 3,778,931 | |
5% 11/15/32 | 2,245,000 | 2,472,088 | |
5% 11/15/33 | 2,200,000 | 2,418,513 | |
Series 2021 B: | |||
4% 11/15/25 | 580,000 | 585,942 | |
4% 11/15/26 | 295,000 | 300,892 | |
4% 11/15/27 | 300,000 | 307,738 | |
4% 11/15/28 | 150,000 | 154,448 | |
Series 2022 A, 5% 11/15/29 | 940,000 | 1,027,239 | |
Cook County Sales Tax Rev. Series 2022 A, 5% 11/15/42 | 10,000,000 | 10,845,921 | |
DuPage & Cook Counties Cmnty. Unit School District #205 Series 2022, 4% 9/15/42 | 7,900,000 | 7,751,876 | |
Illinois Fin. Auth.: | |||
(Bradley Univ. Proj.) Series 2021 A, 4% 8/1/38 | 1,125,000 | 1,087,057 | |
Bonds Series 2021 B, 5%, tender 8/15/31 (b) | 740,000 | 812,216 | |
Series 2016, 3.25% 5/15/39 | 2,075,000 | 1,850,578 | |
Series 2020 A: | |||
3% 5/15/50 | 5,655,000 | 4,457,909 | |
3% 5/15/50 (Build America Mutual Assurance Insured) | 2,620,000 | 2,075,736 | |
3.25% 8/15/49 | 1,025,000 | 807,244 | |
Series 2021 A, 3% 8/15/48 | 8,175,000 | 6,281,612 | |
Series 2022 A: | |||
5.25% 10/1/52 | 4,525,000 | 4,576,775 | |
5.5% 10/1/47 | 1,445,000 | 1,497,139 | |
Illinois Fin. Auth. Academic Facilities (Provident Group UIUC Properties LLC Univ. of Illinois at Urbana-Champaign Proj.) Series 2019 A: | |||
5% 10/1/27 | 225,000 | 235,649 | |
5% 10/1/28 | 185,000 | 196,433 | |
5% 10/1/44 | 935,000 | 959,622 | |
5% 10/1/49 | 1,170,000 | 1,193,218 | |
5% 10/1/51 | 935,000 | 951,565 | |
Illinois Fin. Auth. Rev.: | |||
(Bradley Univ. Proj.) Series 2017 C, 5% 8/1/31 | 200,000 | 207,109 | |
(Northwestern Memorial Hosp.,IL. Proj.) Series 2017 A, 5% 7/15/25 | 280,000 | 284,770 | |
(OSF Healthcare Sys.) Series 2018 A: | |||
4.125% 5/15/47 | 4,820,000 | 4,637,403 | |
5% 5/15/43 | 45,000 | 45,888 | |
(Presence Health Proj.) Series 2016 C, 5% 2/15/36 | 935,000 | 971,823 | |
Series 2015 A: | |||
4% 11/15/39 | 6,175,000 | 5,903,302 | |
5% 11/15/45 | 9,360,000 | 9,416,064 | |
Series 2016 A, 3% 10/1/37 | 1,455,000 | 1,256,957 | |
Series 2016 C: | |||
4% 2/15/41 | 1,280,000 | 1,256,480 | |
5% 2/15/31 | 2,340,000 | 2,439,374 | |
Series 2016, 4% 12/1/35 | 335,000 | 333,937 | |
Series 2019, 4% 9/1/35 | 420,000 | 377,891 | |
Illinois Gen. Oblig.: | |||
Series 2006, 5.5% 1/1/28 | 4,680,000 | 5,019,477 | |
Series 2014, 5% 2/1/26 | 515,000 | 515,648 | |
Series 2016: | |||
4% 2/1/30 (Assured Guaranty Muni. Corp. Insured) | 2,590,000 | 2,632,528 | |
5% 2/1/26 | 4,930,000 | 5,057,950 | |
5% 2/1/27 | 575,000 | 599,294 | |
Series 2017 C, 5% 11/1/29 | 2,440,000 | 2,562,297 | |
Series 2017 D, 5% 11/1/27 | 2,835,000 | 2,987,804 | |
Series 2018 A: | |||
5% 10/1/24 | 470,000 | 471,308 | |
5% 10/1/28 | 935,000 | 998,368 | |
5% 10/1/29 | 1,495,000 | 1,595,728 | |
Series 2018 B, 5% 10/1/26 | 935,000 | 969,477 | |
Series 2019 B, 5% 9/1/24 | 470,000 | 470,646 | |
Series 2020 B: | |||
4% 10/1/32 | 2,570,000 | 2,613,183 | |
5% 10/1/28 | 4,060,000 | 4,335,158 | |
Series 2020, 5.5% 5/1/39 | 6,530,000 | 7,155,912 | |
Series 2021 A: | |||
4% 3/1/39 | 2,135,000 | 2,119,350 | |
5% 3/1/28 | 4,000,000 | 4,236,139 | |
5% 3/1/32 | 180,000 | 197,934 | |
5% 3/1/33 | 935,000 | 1,027,259 | |
5% 3/1/34 | 935,000 | 1,026,036 | |
5% 3/1/46 | 1,870,000 | 1,976,012 | |
Series 2021 B, 4% 12/1/34 | 1,655,000 | 1,671,734 | |
Series 2022 A: | |||
5% 3/1/29 | 2,060,000 | 2,212,268 | |
5% 3/1/32 | 1,000,000 | 1,112,976 | |
5% 3/1/34 | 3,640,000 | 4,031,527 | |
5.25% 3/1/37 | 1,600,000 | 1,784,486 | |
5.5% 3/1/47 | 4,000,000 | 4,366,461 | |
Series 2022 B, 5% 3/1/32 | 2,060,000 | 2,292,731 | |
Series 2023 B: | |||
5% 5/1/37 | 4,730,000 | 5,199,975 | |
5.25% 5/1/40 | 1,160,000 | 1,280,972 | |
5.25% 5/1/41 | 1,520,000 | 1,670,981 | |
Series 2023 D: | |||
5% 7/1/29 | 6,485,000 | 6,995,552 | |
5% 7/1/36 | 2,945,000 | 3,251,861 | |
Series 2024 B: | |||
5% 5/1/33 | 2,375,000 | 2,670,602 | |
5% 5/1/37 | 1,790,000 | 2,006,479 | |
5.25% 5/1/43 | 1,580,000 | 1,753,747 | |
5.25% 5/1/47 | 1,155,000 | 1,259,746 | |
5.25% 5/1/48 | 4,850,000 | 5,273,645 | |
Illinois Hsg. Dev. Auth. Rev. Series 2019 D, 2.7% 10/1/34 | 415,000 | 372,171 | |
Illinois Reg'l. Trans. Auth. Series 2003 B, 5.75% 6/1/33 | 10,000,000 | 11,434,219 | |
Illinois Toll Hwy. Auth. Toll Hwy. Rev.: | |||
Series 2019 A, 5% 1/1/44 | 460,000 | 485,667 | |
Series 2024 A, 5% 1/1/30 | 765,000 | 843,562 | |
Series A: | |||
5% 1/1/38 | 945,000 | 1,040,090 | |
5% 1/1/41 | 205,000 | 223,607 | |
Kane County School District No. 131 Series 2020 A: | |||
4% 12/1/30 (Assured Guaranty Muni. Corp. Insured) | 430,000 | 443,891 | |
4% 12/1/31 (Assured Guaranty Muni. Corp. Insured) | 575,000 | 592,240 | |
4% 12/1/33 (Assured Guaranty Muni. Corp. Insured) | 240,000 | 246,193 | |
4% 12/1/35 (Assured Guaranty Muni. Corp. Insured) | 255,000 | 258,954 | |
4% 12/1/36 (Assured Guaranty Muni. Corp. Insured) | 235,000 | 238,692 | |
4% 12/1/38 (Assured Guaranty Muni. Corp. Insured) | 545,000 | 550,588 | |
Metropolitan Pier & Exposition: | |||
(McCormick Place Expansion Proj.) Series 2010 B1: | |||
0% 6/15/43 (Assured Guaranty Muni. Corp. Insured) | 2,995,000 | 1,312,443 | |
0% 6/15/46 (Assured Guaranty Muni. Corp. Insured) | 14,385,000 | 5,375,513 | |
0% 6/15/47 (Assured Guaranty Muni. Corp. Insured) | 2,365,000 | 840,201 | |
Series 1994, 0% 6/15/29 (FGIC Insured) | 4,775,000 | 4,001,272 | |
Series 2002 A, 0% 6/15/35 (Nat'l. Pub. Fin. Guarantee Corp. Insured) | 750,000 | 491,363 | |
Series 2002: | |||
0% 12/15/31 (Nat'l. Pub. Fin. Guarantee Corp. Insured) | 625,000 | 474,859 | |
0% 12/15/36 (Nat'l. Pub. Fin. Guarantee Corp. Insured) | 7,050,000 | 4,304,986 | |
Series 2010 B1, 0% 6/15/26 (Assured Guaranty Muni. Corp. Insured) | 1,055,000 | 988,695 | |
Series 2017 A, 5% 6/15/57 | 6,200,000 | 6,306,093 | |
Series 2020 A: | |||
4% 6/15/50 | 8,380,000 | 7,808,026 | |
5% 6/15/50 | 6,840,000 | 7,078,314 | |
Series 2020 B, 5% 6/15/42 | 2,520,000 | 2,667,955 | |
Series 2022 A: | |||
0% 12/15/35 | 730,000 | 457,364 | |
0% 12/15/36 | 970,000 | 578,130 | |
0% 12/15/37 | 1,815,000 | 1,028,286 | |
0% 6/15/40 | 985,000 | 486,658 | |
0% 6/15/41 | 1,355,000 | 634,007 | |
Series 2023 A, 5% 12/15/28 | 3,070,000 | 3,208,848 | |
Northern Illinois Univ. Revs. Series 2020 B: | |||
4% 4/1/36 (Build America Mutual Assurance Insured) | 1,215,000 | 1,226,461 | |
4% 4/1/38 (Build America Mutual Assurance Insured) | 1,215,000 | 1,220,777 | |
4% 4/1/40 (Build America Mutual Assurance Insured) | 815,000 | 799,602 | |
Sales Tax Securitization Corp.: | |||
Series 2023 A, 3% 1/1/27 | 1,420,000 | 1,391,321 | |
Series 2023 C: | |||
5% 1/1/34 | 10,000,000 | 11,278,237 | |
5% 1/1/35 | 4,000,000 | 4,488,834 | |
Series 2023 D, 5% 1/1/30 | 2,000,000 | 2,183,398 | |
Univ. of Illinois Rev. Series 2018 A, 5% 4/1/29 | 95,000 | 101,038 | |
TOTAL ILLINOIS | 358,608,125 | ||
Indiana - 1.0% | |||
Indiana Fin. Auth. Health Sys. Rev.: | |||
Bonds: | |||
Series 2019 B, 2.25%, tender 7/1/25 (b) | 545,000 | 536,873 | |
Series 2023 B1, 5%, tender 7/1/28 (b) | 11,235,000 | 11,936,394 | |
Series 2016 A, 4% 11/1/51 | 4,400,000 | 4,156,336 | |
Indiana Hsg. & Cmnty. Dev. Auth.: | |||
(Glasswater Creek of Whitestown Proj.) Series 2020, 5.375% 10/1/40 (c) | 695,000 | 598,084 | |
Series 2019 B, 3.5% 1/1/49 | 320,000 | 316,440 | |
Series 2021 C1, 3% 1/1/52 | 445,000 | 430,771 | |
Series A: | |||
3.75% 1/1/49 | 1,595,000 | 1,585,385 | |
5% 1/1/28 | 305,000 | 321,267 | |
5% 7/1/28 | 305,000 | 322,995 | |
5% 1/1/29 | 305,000 | 326,007 | |
5% 7/1/29 | 255,000 | 274,496 | |
Northern Indiana Commuter Trans. District Series 2024, 5% 1/1/54 | 4,000,000 | 4,275,217 | |
Purdue Univ. Rev. Series 2023 A, 5% 7/1/36 | 900,000 | 1,036,968 | |
Saint Joseph County Econ. Dev. Auth. Rev. (St. Mary's College Proj.): | |||
Series 2019, 5% 4/1/43 | 1,455,000 | 1,507,123 | |
Series 2020, 5% 4/1/32 | 715,000 | 762,168 | |
TOTAL INDIANA | 28,386,524 | ||
Iowa - 0.1% | |||
Iowa Fin. Auth. Rev. Series 2018 B, 5% 2/15/48 | 935,000 | 959,887 | |
Tobacco Settlement Auth. Tobacco Settlement Rev.: | |||
Series 2021 A2, 4% 6/1/49 | 1,125,000 | 1,054,220 | |
Series 2021 B1, 4% 6/1/49 | 160,000 | 160,088 | |
TOTAL IOWA | 2,174,195 | ||
Kentucky - 3.0% | |||
Ashland Med. Ctr. Rev. Series 2019: | |||
3% 2/1/40 (Assured Guaranty Muni. Corp. Insured) | 1,350,000 | 1,154,845 | |
4% 2/1/36 | 710,000 | 690,729 | |
4% 2/1/37 | 540,000 | 524,540 | |
5% 2/1/25 | 885,000 | 889,450 | |
Boyle County Edl. Facilities Rev. Series 2017, 5% 6/1/37 | 300,000 | 308,723 | |
Carroll County Poll. Ctlr Rev. Bonds (Kentucky Utils. Co. Proj.) Series 2016 A, 1.55%, tender 9/1/26 (b) | 6,250,000 | 5,979,515 | |
Kenton County Arpt. Board Arpt. Rev. Series 2019: | |||
5% 1/1/38 | 685,000 | 731,286 | |
5% 1/1/39 | 645,000 | 685,565 | |
5% 1/1/49 | 2,340,000 | 2,444,214 | |
Kentucky Econ. Dev. Fin. Auth. Series 2019 A2, 5% 8/1/49 | 3,180,000 | 3,286,363 | |
Kentucky Hsg. Corp. Single Family Mtg. Rev. Series 2023 A, 6% 7/1/54 | 13,350,000 | 14,643,543 | |
Kentucky State Property & Buildings Commission Rev.: | |||
(Proj. No. 119) Series 2018: | |||
5% 5/1/28 | 935,000 | 998,435 | |
5% 5/1/38 | 3,745,000 | 3,969,730 | |
Series A: | |||
4% 11/1/34 | 1,170,000 | 1,181,496 | |
4% 11/1/35 | 375,000 | 377,943 | |
4% 11/1/36 | 935,000 | 940,440 | |
4% 11/1/37 | 1,170,000 | 1,174,464 | |
5% 8/1/27 | 375,000 | 381,772 | |
5% 11/1/29 | 1,035,000 | 1,106,122 | |
Kentucky, Inc. Pub. Energy: | |||
Bonds: | |||
Series 2024 A, 5%, tender 7/1/30 (b) | 3,900,000 | 4,132,412 | |
Series A, 4%, tender 6/1/26 (b) | 10,775,000 | 10,826,341 | |
Series C1, 4%, tender 6/1/25 (b) | 1,870,000 | 1,874,330 | |
Series A: | |||
4% 12/1/24 | 470,000 | 470,044 | |
4% 6/1/25 | 545,000 | 544,823 | |
Louisville & Jefferson County: | |||
Bonds: | |||
Series 2020 C, 5%, tender 10/1/26 (b) | 490,000 | 503,190 | |
Series 2020 D, 5%, tender 10/1/29 (b) | 590,000 | 632,578 | |
Series 2023 B, 5%, tender 10/1/29 (b) | 15,240,000 | 16,334,074 | |
Series 2016 A, 5% 10/1/31 | 90,000 | 92,003 | |
Series 2020 A: | |||
3% 10/1/43 | 4,495,000 | 3,557,527 | |
4% 10/1/39 | 1,405,000 | 1,370,311 | |
TOTAL KENTUCKY | 81,806,808 | ||
Louisiana - 0.5% | |||
Calcasieu Parish Memorial Hosp. (Lake Charles Memorial Hosp. Proj.) Series 2019, 4% 12/1/24 | 1,145,000 | 1,143,094 | |
Louisiana Hsg. Corp. Single Fami (Home Ownership Prog.) Series 2023 C, 5.75% 12/1/53 | 975,000 | 1,054,967 | |
Louisiana Pub. Facilities Auth. Hosp. Rev. (Franciscan Missionaries of Our Lady Health Sys. Proj.) Series 2017 A, 5% 7/1/47 | 1,890,000 | 1,927,762 | |
Louisiana Pub. Facilities Auth. Rev.: | |||
(Ochsner Clinic Foundation Proj.) Series 2017, 5% 5/15/27 | 830,000 | 862,333 | |
Series 2018 E: | |||
5% 7/1/32 | 1,375,000 | 1,464,619 | |
5% 7/1/33 | 1,120,000 | 1,191,639 | |
5% 7/1/34 | 1,295,000 | 1,376,403 | |
St. John Baptist Parish Rev.: | |||
(Marathon Oil Corp.) Series 2017, 2.2% 6/1/37 (b) | 1,400,000 | 1,354,928 | |
Bonds (Marathon Oil Corp.) Series 2017, 4.05%, tender 7/1/26 (b) | 2,770,000 | 2,774,482 | |
TOTAL LOUISIANA | 13,150,227 | ||
Maine - 0.4% | |||
Brunswick Series 2020, 2.25% 11/1/35 | 685,000 | 571,864 | |
Maine Health & Higher Edl. Facilities Auth. Rev.: | |||
Series 2017 B, 5% 7/1/33 | 260,000 | 271,037 | |
Series 2021 A, 4% 7/1/46 | 2,865,000 | 2,803,731 | |
Maine Hsg. Auth. Mtg.: | |||
Series 2022 E, 5% 11/15/52 | 1,070,000 | 1,103,750 | |
Series C, 3.5% 11/15/46 | 580,000 | 578,350 | |
Maine Tpk. Auth. Tpk. Rev. Series 2018, 5% 7/1/47 | 470,000 | 489,571 | |
Univ. Sys. Rev. Series 2022, 5.5% 3/1/62 | 3,800,000 | 4,067,797 | |
TOTAL MAINE | 9,886,100 | ||
Maryland - 1.4% | |||
Hsg. Opportunities Commission of Montgomery County Series 2021 C, 0.8% 7/1/25 | 375,000 | 362,702 | |
Maryland Cmnty. Dev. Admin Dept. Hsg. & Cmnty. Dev.: | |||
Series 2019 B, 4% 9/1/49 | 300,000 | 299,726 | |
Series 2019 C: | |||
3.5% 3/1/50 | 1,945,000 | 1,924,719 | |
5% 9/1/27 | 680,000 | 712,817 | |
5% 9/1/28 | 110,000 | 117,538 | |
Series 2020 A, 2.5% 9/1/40 | 4,000,000 | 3,166,806 | |
Series 2023 E, 6.25% 3/1/54 | 555,000 | 605,499 | |
Maryland Health & Higher Edl.: | |||
Series 2021 A: | |||
3% 7/1/51 | 3,325,000 | 2,565,555 | |
4% 6/1/55 | 585,000 | 512,074 | |
5% 6/1/31 | 330,000 | 348,628 | |
Series 2023: | |||
5% 7/1/25 | 475,000 | 481,296 | |
5% 7/1/28 | 625,000 | 657,414 | |
5% 7/1/39 | 2,000,000 | 2,147,308 | |
Maryland Health & Higher Edl. Facilities Auth. Rev. Series 2020 B, 5% 4/15/25 | 860,000 | 871,048 | |
Maryland Stadium Auth. Series 2022 A: | |||
5% 6/1/47 | 5,725,000 | 6,119,534 | |
5% 6/1/52 | 1,350,000 | 1,433,715 | |
Maryland Stadium Auth. Built to Learn Rev.: | |||
Series 2021, 4% 6/1/46 | 675,000 | 668,931 | |
Series 2022 A, 4% 6/1/35 | 2,340,000 | 2,432,710 | |
Maryland Trans. Auth. Trans. Facility Projs. Rev.: | |||
Series 2021 A, 2.5% 7/1/47 | 1,650,000 | 1,142,026 | |
Series 2024 A, 5% 7/1/31 | 3,760,000 | 4,246,896 | |
Montgomery County Hsg. Opportunities Commission Series 2023 C, 5.75% 1/1/58 | 1,500,000 | 1,719,797 | |
Prince Georges County Gen. Oblig. Series 2021 A, 2% 7/1/35 | 6,800,000 | 5,490,139 | |
TOTAL MARYLAND | 38,026,878 | ||
Massachusetts - 1.5% | |||
Massachusetts Dev. Fin. Agcy. Rev.: | |||
(Newbridge On The Charles Proj.) Series 2017, 5% 10/1/47 (c) | 1,250,000 | 1,261,200 | |
Series 2015: | |||
5% 7/1/25 | 360,000 | 365,424 | |
5% 7/1/25 (Escrowed to Maturity) | 925,000 | 939,811 | |
Series 2016, 5% 10/1/41 | 1,000,000 | 1,008,918 | |
Series 2017 A, 5% 1/1/36 | 2,260,000 | 2,330,219 | |
Series 2017, 5% 7/1/47 | 885,000 | 890,482 | |
Series 2018, 5% 1/1/43 | 1,250,000 | 1,265,203 | |
Series 2019 A, 5% 7/1/26 | 1,640,000 | 1,654,549 | |
Series 2019 K: | |||
5% 7/1/25 | 770,000 | 781,601 | |
5% 7/1/26 | 1,015,000 | 1,049,260 | |
5% 7/1/27 | 1,220,000 | 1,282,305 | |
Series 2019: | |||
5% 7/1/25 | 615,000 | 620,822 | |
5% 7/1/26 | 345,000 | 352,127 | |
5% 7/1/28 | 515,000 | 533,919 | |
5% 7/1/29 | 470,000 | 491,184 | |
5% 9/1/59 | 1,375,000 | 1,429,526 | |
Series 2020 A, 4% 7/1/45 | 3,425,000 | 3,077,451 | |
Series 2021 V, 5% 7/1/55 | 4,980,000 | 5,932,390 | |
Series J2, 5% 7/1/53 | 3,535,000 | 3,597,098 | |
Series M: | |||
4% 10/1/50 | 3,485,000 | 2,931,554 | |
5% 10/1/45 | 2,625,000 | 2,632,839 | |
Massachusetts Hsg. Fin. Auth. Series 2021 223, 3% 6/1/47 | 1,960,000 | 1,911,725 | |
Somerville Gen. Oblig. Series 2020, 2% 10/15/37 | 1,000,000 | 789,203 | |
Stoneham Gen. Oblig. Series 2022, 2.125% 1/15/38 | 1,000,000 | 798,437 | |
Waltham Gen. Oblig. Series 2020, 2% 10/15/37 | 2,570,000 | 2,026,532 | |
TOTAL MASSACHUSETTS | 39,953,779 | ||
Michigan - 2.4% | |||
Detroit Gen. Oblig. Series 2021 A, 5% 4/1/50 | 800,000 | 825,729 | |
Flint Hosp. Bldg. Auth. Rev. Series 2020: | |||
4% 7/1/41 | 990,000 | 901,218 | |
5% 7/1/25 | 435,000 | 436,393 | |
5% 7/1/26 | 400,000 | 401,072 | |
5% 7/1/27 | 620,000 | 623,235 | |
5% 7/1/28 | 865,000 | 871,426 | |
Grand Rapids Pub. Schools Series 2019, 5% 11/1/26 (Assured Guaranty Muni. Corp. Insured) | 860,000 | 895,778 | |
Grand Traverse County Hosp. Fin. Auth. Series 2021, 3% 7/1/51 | 1,020,000 | 815,749 | |
Great Lakes Wtr. Auth. Sew Disp. Sys. Series 2022 A: | |||
5% 7/1/37 | 3,175,000 | 3,603,863 | |
5% 7/1/38 | 1,325,000 | 1,496,650 | |
Great Lakes Wtr. Auth. Wtr. Supply Sys. Rev. Series 2022 A: | |||
5% 7/1/37 | 750,000 | 851,306 | |
5% 7/1/38 | 1,000,000 | 1,129,547 | |
Lansing Board of Wtr. & Lt. Util. Rev. Bonds Series 2021 B, 2%, tender 7/1/26 (b) | 6,940,000 | 6,664,585 | |
Michigan Fin. Auth. Rev.: | |||
(Henry Ford Health Sys. Proj.) Series 2016, 5% 11/15/25 | 3,950,000 | 4,029,875 | |
(Trinity Health Proj.) Series 2017, 5% 12/1/37 | 935,000 | 970,803 | |
Bonds Series 2019 B, 5%, tender 11/16/26 (b) | 1,235,000 | 1,270,814 | |
Series 2015, 5% 11/15/28 (Pre-Refunded to 5/15/25 @ 100) | 290,000 | 293,953 | |
Series 2016, 5% 11/15/26 | 795,000 | 821,754 | |
Series 2019 A: | |||
3% 12/1/49 | 2,045,000 | 1,617,603 | |
4% 12/1/49 | 745,000 | 710,405 | |
5% 11/15/48 | 270,000 | 280,836 | |
Series 2020 A, 4% 6/1/49 | 810,000 | 742,140 | |
Series 2020, 5% 6/1/40 | 470,000 | 491,491 | |
Michigan Hsg. Dev. Auth. Single Family Mtg. Rev.: | |||
Series 2016 B, 3.5% 6/1/47 | 905,000 | 899,583 | |
Series 2023 B, 5.75% 6/1/54 | 7,815,000 | 8,356,712 | |
Series A, 3.5% 12/1/50 | 2,100,000 | 2,076,188 | |
Michigan State Hsg. Dev. Auth. Series 2021 A: | |||
2.45% 10/1/46 | 2,240,000 | 1,581,339 | |
2.7% 10/1/56 | 1,000,000 | 659,272 | |
Oakland Univ. Rev.: | |||
Series 2016, 5% 3/1/41 | 760,000 | 771,059 | |
Series 2019 A, 5% 3/1/31 | 545,000 | 584,786 | |
Series 2019: | |||
5% 3/1/32 | 610,000 | 654,363 | |
5% 3/1/33 | 585,000 | 626,392 | |
5% 3/1/34 | 655,000 | 702,023 | |
5% 3/1/35 | 655,000 | 700,417 | |
5% 3/1/36 | 750,000 | 801,763 | |
5% 3/1/37 | 840,000 | 896,829 | |
5% 3/1/38 | 1,240,000 | 1,321,744 | |
5% 3/1/39 | 840,000 | 891,841 | |
Wayne County Arpt. Auth. Rev.: | |||
Series 2023 A: | |||
5.25% 12/1/40 (Assured Guaranty Muni. Corp. Insured) | 2,200,000 | 2,516,571 | |
5.25% 12/1/41 (Assured Guaranty Muni. Corp. Insured) | 2,090,000 | 2,379,897 | |
5.25% 12/1/42 (Assured Guaranty Muni. Corp. Insured) | 1,800,000 | 2,041,186 | |
5.25% 12/1/43 (Assured Guaranty Muni. Corp. Insured) | 2,075,000 | 2,335,106 | |
Series 2023 C, 5.25% 12/1/40 (Assured Guaranty Muni. Corp. Insured) | 2,055,000 | 2,350,706 | |
TOTAL MICHIGAN | 63,894,002 | ||
Minnesota - 1.2% | |||
City of White Bear Lake (YMCA of Greater Twin Cities Proj.) Series 2018, 5% 6/1/27 | 470,000 | 483,742 | |
Duluth Econ. Dev. Auth. Health Care Facilities Rev. Series 2018 A, 5% 2/15/43 | 470,000 | 481,581 | |
Minneapolis Health Care Sys. Rev. Bonds: | |||
Series 2023 A, 5%, tender 11/15/28 (b) | 10,845,000 | 11,517,470 | |
Series 2023 B, 5%, tender 11/15/30 (b) | 4,175,000 | 4,495,819 | |
Minnesota Higher Ed. Facilities Auth. Rev.: | |||
Series 2016 A, 5% 5/1/46 | 1,365,000 | 1,258,437 | |
Series 2018 A, 5% 10/1/45 | 5,000 | 5,033 | |
Minnesota Hsg. Fin. Agcy.: | |||
Series 2023 E, 6.25% 7/1/54 | 495,000 | 540,459 | |
Series 2023 F, 5.75% 7/1/53 | 620,000 | 661,179 | |
Series 2023, 6% 7/1/53 | 3,055,000 | 3,298,201 | |
Mounds View Independent School District #621 (Minnesota School District Cr. Enhancement Prog.) Series 2018 A: | |||
3.45% 2/1/37 | 1,155,000 | 1,121,661 | |
3.55% 2/1/38 | 1,205,000 | 1,168,445 | |
Saint Cloud Health Care Rev. Series 2019: | |||
4% 5/1/49 | 505,000 | 474,087 | |
5% 5/1/48 | 630,000 | 653,146 | |
Sauk Rapids Minn Independent School District # 47 Series 2020 A, 2.5% 2/1/38 | 1,855,000 | 1,528,474 | |
Shakopee Sr. Hsg. Rev. Bonds Series 2018, 5.85%, tender 11/1/25 (b)(c) | 1,340,000 | 1,315,452 | |
St. Paul Hsg. & Redev. Auth. Health Care Facilities Rev. Series 2015 A, 5% 7/1/29 | 2,095,000 | 2,114,956 | |
West Saint Paul Independent School District #197 (Minnesota School District Cr. Enhancement Prog.) Series 2018 A: | |||
3.6% 2/1/37 | 845,000 | 833,172 | |
3.65% 2/1/38 | 885,000 | 861,942 | |
TOTAL MINNESOTA | 32,813,256 | ||
Mississippi - 0.1% | |||
Mississippi Hosp. Equip. & Facilities Auth.: | |||
Bonds Series II, 5%, tender 3/1/27 (b) | 565,000 | 585,802 | |
Series I: | |||
5% 10/1/24 | 500,000 | 501,123 | |
5% 10/1/26 | 610,000 | 628,229 | |
5% 10/1/28 | 935,000 | 987,663 | |
TOTAL MISSISSIPPI | 2,702,817 | ||
Missouri - 0.8% | |||
Kansas City Wtr. Rev. Series 2020 A: | |||
4% 12/1/32 | 630,000 | 662,765 | |
4% 12/1/34 | 375,000 | 393,615 | |
4% 12/1/36 | 655,000 | 681,681 | |
4% 12/1/37 | 470,000 | 483,478 | |
4% 12/1/40 | 470,000 | 479,096 | |
5% 12/1/28 | 545,000 | 591,200 | |
5% 12/1/29 | 330,000 | 364,084 | |
5% 12/1/30 | 620,000 | 694,655 | |
5% 12/1/35 | 560,000 | 632,293 | |
Missouri Health & Edl. Facilities Rev.: | |||
Series 2019 A: | |||
4% 10/1/48 | 4,480,000 | 4,348,733 | |
5% 10/1/46 | 430,000 | 450,400 | |
Series 2021 A: | |||
4% 7/1/33 | 1,795,000 | 1,867,142 | |
4% 7/1/46 | 1,620,000 | 1,569,650 | |
Missouri Hsg. Dev. Commission Single Family Mtg. Rev.: | |||
(First Place Homeownership Ln. Prog.) Series 2023 E, 6.5% 5/1/54 | 1,225,000 | 1,377,346 | |
Series 2019, 4% 5/1/50 | 95,000 | 94,933 | |
Series 2021 A, 3% 5/1/52 | 2,095,000 | 2,040,487 | |
Saint Louis Arpt. Rev. Series 2019 C, 5% 7/1/27 | 2,275,000 | 2,396,751 | |
Saint Louis County Indl. Dev. Auth. Sr. Living Facilities Rev. Series 2018 A: | |||
5.125% 9/1/48 | 55,000 | 54,064 | |
5.25% 9/1/53 | 3,910,000 | 3,858,144 | |
TOTAL MISSOURI | 23,040,517 | ||
Montana - 0.2% | |||
Montana Board Hsg. Single Family Series 2019 B, 4% 6/1/50 | 45,000 | 45,011 | |
Montana Facility Fin. Auth.: | |||
Series 2018 B, 5% 7/1/28 | 645,000 | 666,566 | |
Series 2021 A, 3% 6/1/50 | 4,950,000 | 3,987,085 | |
TOTAL MONTANA | 4,698,662 | ||
Nebraska - 1.0% | |||
Central Plains Energy Proj. Rev. Bonds: | |||
(Proj. No. 4) Series 2023 A1, 5%, tender 11/1/29 (b) | 9,755,000 | 10,304,570 | |
Series 2019, 4%, tender 8/1/25 (b) | 12,540,000 | 12,563,136 | |
Douglas County Neb Edl. Facilities Rev. (Creighton Univ. Projs.) Series 2021 A, 3% 7/1/51 | 940,000 | 715,724 | |
Nebraska Invt. Fin. Auth. Single Family Hsg. Rev. Series 2020 A, 3.5% 9/1/50 | 2,575,000 | 2,545,469 | |
TOTAL NEBRASKA | 26,128,899 | ||
Nevada - 0.5% | |||
Clark County School District Series 2017 A, 5% 6/15/26 | 200,000 | 207,567 | |
Las Vegas Valley Wtr. District Wtr. Impt. Gen. Oblig. Series 2022 A, 4% 6/1/40 | 1,245,000 | 1,271,482 | |
Nevada Hsg. Division Single Family Mtg. Rev.: | |||
Series 2019 A, 4% 4/1/49 | 1,175,000 | 1,174,058 | |
Series 2019 B, 4% 10/1/49 | 125,000 | 124,902 | |
Series 2021 A, 3% 4/1/51 | 1,370,000 | 1,333,737 | |
Series 2021 B, 3% 10/1/51 | 5,895,000 | 5,712,903 | |
Nevada Hwy. Impt. Rev. Series 2020 A, 2% 12/1/32 | 3,020,000 | 2,581,920 | |
TOTAL NEVADA | 12,406,569 | ||
New Hampshire - 0.8% | |||
Nat'l. Fin. Auth. Hosp. Rev. (St. Luke's Univ. Health Network Proj.) Series 2021 B, 3% 8/15/51 (Assured Guaranty Muni. Corp. Insured) | 1,990,000 | 1,585,329 | |
Nat'l. Finnance Auth.: | |||
Series 2020 1, 4.125% 1/20/34 | 1,582,382 | 1,574,530 | |
Series 2022 1, 4.375% 9/20/36 | 2,238,456 | 2,254,569 | |
Series 2023 2A, 3.875% 1/20/38 | 6,220,058 | 5,974,854 | |
New Hampshire Health & Ed. Facilities Auth.: | |||
(Dartmouth-Hitchcock Oblgtd Grp Proj.) Series 2018 A, 5% 8/1/34 | 295,000 | 308,034 | |
Series 2017, 5% 7/1/44 | 2,185,000 | 2,179,817 | |
New Hampshire Nat'l. Fin. Auth. Series 2022 2, 4% 10/20/36 | 7,557,014 | 7,392,393 | |
TOTAL NEW HAMPSHIRE | 21,269,526 | ||
New Jersey - 5.6% | |||
Gloucester County Impt. Auth. Rev. (Rowan Univ. Projs.) Series 2024: | |||
5% 7/1/40 (Build America Mutual Assurance Insured) | 1,250,000 | 1,381,406 | |
5% 7/1/43 (Build America Mutual Assurance Insured) | 1,000,000 | 1,090,762 | |
New Jersey Econ. Dev. Auth.: | |||
(White Horse HMT Urban Renewal LLC Proj.) Series 2020, 5% 1/1/40 (c)(f) | 310,000 | 213,003 | |
Series 2024 SSS: | |||
5% 6/15/33 | 750,000 | 852,267 | |
5.25% 6/15/36 | 1,055,000 | 1,220,849 | |
Series A, 5% 11/1/31 | 2,560,000 | 2,779,952 | |
Series QQQ, 4% 6/15/46 | 740,000 | 726,038 | |
New Jersey Econ. Dev. Auth. Lease Rev. (State House Proj.) Series 2017 B: | |||
5% 6/15/26 | 935,000 | 968,029 | |
5% 6/15/35 | 545,000 | 576,241 | |
New Jersey Econ. Dev. Auth. Rev.: | |||
(Black Horse EHT Urban Renewal LLC Proj.) Series 2019 A, 5% 10/1/39 (c) | 220,000 | 160,758 | |
(Provident Montclair Proj.) Series 2017, 5% 6/1/25 (Assured Guaranty Muni. Corp. Insured) | 970,000 | 982,777 | |
Series 2016 A, 5% 7/15/27 | 935,000 | 963,001 | |
Series 2018 EEE, 5% 6/15/28 | 550,000 | 589,282 | |
Series LLL: | |||
4% 6/15/44 | 2,745,000 | 2,719,926 | |
4% 6/15/49 | 2,515,000 | 2,441,451 | |
Series MMM: | |||
4% 6/15/35 | 1,085,000 | 1,106,458 | |
4% 6/15/36 | 420,000 | 426,794 | |
New Jersey Edl. Facility Series A: | |||
5% 7/1/38 | 1,980,000 | 2,084,708 | |
5% 7/1/39 | 2,080,000 | 2,179,758 | |
New Jersey Gen. Oblig.: | |||
Series 2020 A: | |||
4% 6/1/31 | 13,000,000 | 13,792,617 | |
5% 6/1/28 | 935,000 | 1,006,472 | |
Series 2021, 2% 6/1/34 | 740,000 | 597,006 | |
New Jersey Health Care Facilities Fing. Auth. Rev.: | |||
Bonds Series 2019 B3, 5%, tender 7/1/26 (b) | 1,585,000 | 1,632,067 | |
Series 2016: | |||
4% 7/1/48 | 3,355,000 | 3,047,823 | |
5% 7/1/28 | 1,095,000 | 1,115,798 | |
5% 7/1/41 | 85,000 | 85,451 | |
Series 2021, 3% 7/1/39 | 1,910,000 | 1,698,614 | |
New Jersey Higher Ed. Student Assistance Auth. Student Ln. Rev. Series 2019 A, 5% 12/1/25 | 200,000 | 204,617 | |
New Jersey Tobacco Settlement Fing. Corp.: | |||
Series 2018 A, 5% 6/1/28 | 935,000 | 984,618 | |
Series 2018 B, 5% 6/1/46 | 4,535,000 | 4,559,811 | |
New Jersey Tpk. Auth. Tpk. Rev.: | |||
Series 2015 E, 5% 1/1/34 | 630,000 | 634,087 | |
Series 2024 C: | |||
5% 1/1/42 (d) | 2,455,000 | 2,733,476 | |
5% 1/1/43 (d) | 2,580,000 | 2,859,331 | |
5% 1/1/44 (d) | 3,440,000 | 3,799,153 | |
5% 1/1/45 (d) | 3,075,000 | 3,384,704 | |
Series 2024: | |||
5% 1/1/28 | 3,005,000 | 3,210,238 | |
5% 1/1/32 | 2,375,000 | 2,694,656 | |
Series D, 5% 1/1/28 | 1,000,000 | 1,027,295 | |
New Jersey Trans. Trust Fund Auth.: | |||
(Trans. Prog.) Series 2019 AA, 5.25% 6/15/43 | 1,820,000 | 1,911,841 | |
Series 2006 C: | |||
0% 12/15/25 | 5,025,000 | 4,797,746 | |
0% 12/15/29 (Assured Guaranty Muni. Corp. Insured) | 1,310,000 | 1,087,620 | |
0% 12/15/30 (FGIC Insured) | 2,100,000 | 1,668,557 | |
0% 12/15/31 (FGIC Insured) | 5,400,000 | 4,135,581 | |
0% 12/15/33 (Assured Guaranty Muni. Corp. Insured) | 3,190,000 | 2,289,580 | |
Series 2010 A: | |||
0% 12/15/27 | 1,130,000 | 1,004,770 | |
0% 12/15/30 | 1,000,000 | 794,551 | |
Series 2018 A: | |||
5% 12/15/32 | 630,000 | 672,434 | |
5% 12/15/34 | 1,915,000 | 2,039,415 | |
Series 2019 BB, 4% 6/15/50 | 1,360,000 | 1,322,357 | |
Series 2021 A: | |||
4% 6/15/34 | 550,000 | 564,462 | |
4% 6/15/38 | 750,000 | 757,666 | |
5% 6/15/32 | 1,095,000 | 1,216,435 | |
5% 6/15/33 | 4,230,000 | 4,685,119 | |
Series 2022 A, 4% 6/15/40 | 3,125,000 | 3,136,781 | |
Series 2022 AA: | |||
5% 6/15/30 | 1,845,000 | 2,032,670 | |
5% 6/15/31 | 4,485,000 | 4,993,972 | |
5% 6/15/33 | 1,250,000 | 1,403,555 | |
Series 2022 BB: | |||
4% 6/15/46 | 5,350,000 | 5,211,432 | |
4% 6/15/50 | 3,600,000 | 3,500,357 | |
Series A: | |||
0% 12/15/31 | 1,615,000 | 1,236,845 | |
4% 12/15/39 | 935,000 | 938,451 | |
4.25% 12/15/38 | 2,355,000 | 2,391,161 | |
Series AA: | |||
4% 6/15/39 | 975,000 | 980,315 | |
4% 6/15/45 | 5,915,000 | 5,803,869 | |
4% 6/15/50 | 6,105,000 | 5,945,454 | |
5% 6/15/36 | 1,075,000 | 1,174,379 | |
5% 6/15/50 | 470,000 | 494,372 | |
Series BB, 4% 6/15/44 | 1,215,000 | 1,200,636 | |
Newark Port Auth. Hsg. Auth. Rev. Series 2007, 5.25% 1/1/26 (Nat'l. Pub. Fin. Guarantee Corp. Insured) | 935,000 | 955,658 | |
Ocean City Gen. Oblig. Series 2020 B, 2% 10/15/30 | 635,000 | 560,764 | |
Port Auth. of New York & New Jersey Series 2023 243, 5% 12/1/37 | 4,750,000 | 5,530,180 | |
South Jersey Trans. Auth. Trans. Sys. Rev. Series 2022 A: | |||
5% 11/1/38 | 1,000,000 | 1,095,371 | |
5% 11/1/40 | 1,350,000 | 1,460,558 | |
TOTAL NEW JERSEY | 151,526,208 | ||
New Mexico - 0.6% | |||
Albuquerque Wtr. Util. Auth. Series 2018, 5% 7/1/28 | 935,000 | 970,010 | |
New Mexico Hosp. Equip. Ln. Council Rev. Bonds Series 2019 B, 5%, tender 8/1/25 (b) | 1,365,000 | 1,385,232 | |
New Mexico Mtg. Fin. Auth.: | |||
Series 2018 A1, 4% 1/1/49 | 875,000 | 874,311 | |
Series 2019 C, 4% 1/1/50 | 490,000 | 489,655 | |
Series 2019 D, 3.75% 1/1/50 | 185,000 | 183,888 | |
Series 2021 C, 3% 1/1/52 | 2,410,000 | 2,341,808 | |
Series 2021 D, 3% 7/1/52 | 3,015,000 | 2,927,192 | |
Series 2023 C, I 5.75% 3/1/54 | 1,900,000 | 2,036,458 | |
New Mexico Muni. Energy Acquisition Auth. Gas Supply Rev. Bonds Series 2019 A, 5%, tender 5/1/25 (b) | 4,680,000 | 4,725,064 | |
Santa Fe Retirement Fac. Series 2019 A: | |||
5% 5/15/34 | 65,000 | 65,823 | |
5% 5/15/39 | 45,000 | 45,035 | |
5% 5/15/44 | 45,000 | 43,515 | |
5% 5/15/49 | 100,000 | 93,654 | |
TOTAL NEW MEXICO | 16,181,645 | ||
New York - 14.0% | |||
Long Island Pwr. Auth. Elec. Sys. Rev.: | |||
Bonds Series 2019 B, 1.65%, tender 9/1/24 (b) | 2,435,000 | 2,429,688 | |
Series 2018, 5% 9/1/36 | 235,000 | 250,717 | |
MTA Hudson Rail Yards Trust Oblig. Series 2016 A, 5% 11/15/56 | 280,000 | 279,996 | |
Nassau County Gen. Oblig. Series 2023 B: | |||
5% 4/1/38 | 2,000,000 | 2,300,128 | |
5% 4/1/39 | 1,800,000 | 2,055,197 | |
New York City Edl. Construction Fund Series 2021 B, 5% 4/1/46 | 2,055,000 | 2,200,753 | |
New York City Gen. Oblig.: | |||
Bonds Series 2015 F4, 5%, tender 12/1/25 (g) | 990,000 | 1,002,704 | |
Series 2021 A1, 5% 8/1/31 | 3,990,000 | 4,442,112 | |
Series 2022 A1, 5% 9/1/39 | 9,105,000 | 10,195,944 | |
Series 2023 1, 5% 8/1/28 | 1,000,000 | 1,075,351 | |
Series 2023 E1: | |||
5% 4/1/38 | 2,000,000 | 2,261,198 | |
5% 4/1/39 | 2,800,000 | 3,156,397 | |
5% 4/1/40 | 9,000,000 | 10,107,227 | |
5% 4/1/41 | 1,000,000 | 1,116,602 | |
Series 2024 A: | |||
5% 8/1/39 | 2,635,000 | 2,981,616 | |
5% 8/1/42 | 2,000,000 | 2,230,259 | |
New York City Hsg. Dev. Corp. Bonds Series 2023 E2, 3.8%, tender 1/3/28 (b) | 650,000 | 656,321 | |
New York City Hsg. Dev. Corp. Multifamily Hsg.: | |||
Bonds: | |||
Series 2021 C2, 0.7%, tender 7/1/25 (b) | 725,000 | 702,059 | |
Series 2021 K2, 0.9%, tender 1/1/26 (b) | 6,590,000 | 6,261,978 | |
Series 2021, 0.6%, tender 7/1/25 (b) | 1,545,000 | 1,499,334 | |
Series 2022 F 2B, 3.4%, tender 12/22/26 (b) | 8,400,000 | 8,368,325 | |
Series 2023 A2: | |||
3.7%, tender 12/30/27 (b) | 3,955,000 | 3,966,703 | |
3.73%, tender 12/29/28 (b) | 4,410,000 | 4,436,195 | |
Series 2023 D, 4.3%, tender 11/1/28 (b) | 2,140,000 | 2,191,544 | |
Series 2019 J, 3.05% 11/1/49 | 1,145,000 | 899,200 | |
Series 2021 C1, 2.5% 11/1/51 | 4,155,000 | 2,740,924 | |
Series 2021 F1: | |||
2.25% 11/1/41 | 6,515,000 | 4,730,543 | |
2.4% 11/1/46 | 1,445,000 | 1,007,347 | |
New York City Muni. Wtr. Fin. Auth. Wtr. & Swr. Sys. Rev. Series 2024 BB1, 5.25% 6/15/54 | 5,000,000 | 5,522,828 | |
New York City Transitional Fin. Auth.: | |||
Series 2024 B: | |||
5% 5/1/37 | 2,500,000 | 2,861,639 | |
5% 5/1/38 | 5,000,000 | 5,696,474 | |
5% 5/1/39 | 3,600,000 | 4,075,434 | |
5% 5/1/40 | 8,665,000 | 9,740,951 | |
Series 2024 F1: | |||
5% 2/1/40 | 3,780,000 | 4,260,329 | |
5% 2/1/41 | 3,505,000 | 3,941,132 | |
5% 2/1/42 | 2,500,000 | 2,801,331 | |
Series 2024 G, 5.25% 5/1/51 | 13,955,000 | 15,558,996 | |
New York City Transitional Fin. Auth. Bldg. Aid Rev. (New York State Gen. Oblig. Proj.) Series 2015 S-1, 5% 7/15/35 | 6,550,000 | 6,588,103 | |
New York City Transitional Fin. Auth. Rev.: | |||
Series 2018 1, 5% 11/1/29 | 1,935,000 | 2,045,753 | |
Series 2022 B1, 5.25% 11/1/37 | 5,880,000 | 6,768,413 | |
New York City Trust Cultural Resources Rev. Series 2021, 5% 7/1/31 | 3,370,000 | 3,797,870 | |
New York Dorm. Auth. Rev.: | |||
Bonds Series 2019 B3, 5%, tender 5/1/26 (b) | 595,000 | 605,447 | |
Series 2022 A: | |||
5% 7/1/36 | 750,000 | 823,834 | |
5% 7/15/37 | 380,000 | 400,779 | |
5% 7/1/40 | 935,000 | 1,007,423 | |
5% 7/1/41 | 935,000 | 1,003,914 | |
5% 7/15/42 | 1,075,000 | 1,108,570 | |
5% 7/15/50 | 2,775,000 | 2,811,941 | |
Series 2022: | |||
5% 7/1/30 | 1,540,000 | 1,614,729 | |
5% 7/1/31 | 1,615,000 | 1,701,126 | |
5% 7/1/38 | 780,000 | 809,538 | |
5% 7/1/39 | 1,225,000 | 1,262,176 | |
5% 7/1/40 | 2,760,000 | 2,832,101 | |
5% 7/1/41 | 2,900,000 | 2,964,061 | |
5% 7/1/42 | 1,520,000 | 1,548,002 | |
5% 7/1/57 | 6,385,000 | 6,267,118 | |
New York Dorm. Auth. Sales Tax Rev. Series 2023 A1, 5% 3/15/41 | 15,720,000 | 17,582,356 | |
New York Metropolitan Trans. Auth. Dedicated Tax Fund Rev. Series 2012 A, 0% 11/15/32 | 5,160,000 | 3,838,162 | |
New York Metropolitan Trans. Auth. Rev.: | |||
Series 2015 A1, 5% 11/15/29 | 400,000 | 404,390 | |
Series 2015 D1, 5% 11/15/28 | 2,310,000 | 2,355,015 | |
Series 2017 C1, 5% 11/15/34 | 2,230,000 | 2,359,714 | |
Series 2017 D: | |||
5% 11/15/30 | 8,760,000 | 9,294,288 | |
5% 11/15/35 | 1,870,000 | 1,977,409 | |
Series 2020 D, 4% 11/15/46 | 12,660,000 | 12,299,855 | |
New York State Dorm. Auth.: | |||
Series 2017 A, 5% 2/15/31 | 935,000 | 973,311 | |
Series 2019 D, 3% 2/15/49 | 3,920,000 | 3,074,558 | |
Series 2021 A, 4% 3/15/38 | 4,000,000 | 4,086,938 | |
Series 2021 E: | |||
3% 3/15/50 | 2,340,000 | 1,818,861 | |
4% 3/15/39 | 4,000,000 | 4,068,301 | |
4% 3/15/45 | 5,435,000 | 5,379,938 | |
4% 3/15/47 | 3,830,000 | 3,755,179 | |
Series 2022 A, 5% 3/15/41 | 12,850,000 | 14,181,273 | |
Series 2023 A: | |||
5% 3/15/30 | 7,705,000 | 8,557,206 | |
5% 3/15/40 | 4,000,000 | 4,475,434 | |
Series 2024 A: | |||
5% 3/15/28 | 2,500,000 | 2,688,030 | |
5% 3/15/30 | 3,045,000 | 3,381,790 | |
5% 3/15/31 | 6,090,000 | 6,841,984 | |
5% 3/15/32 | 7,615,000 | 8,664,832 | |
5% 3/15/33 | 1,985,000 | 2,288,589 | |
5% 3/15/34 | 1,775,000 | 2,072,758 | |
New York State Hsg. Fin. Agcy. Rev. Bonds: | |||
Series 2021 J2: | |||
1%, tender 11/1/26 (b) | 960,000 | 896,749 | |
1.1%, tender 5/1/27 (b) | 3,545,000 | 3,261,472 | |
Series 2023 C2, 3.8%, tender 5/1/29 (b) | 12,625,000 | 12,668,528 | |
New York State Mtg. Agcy. Homeowner Mtg. Series 2020 225, 2.45% 10/1/45 | 10,000,000 | 7,146,805 | |
New York State Urban Dev. Corp.: | |||
Series 2020 A: | |||
4% 3/15/45 | 1,170,000 | 1,146,343 | |
4% 3/15/49 | 7,380,000 | 7,179,543 | |
Series 2020 E: | |||
3% 3/15/50 | 1,525,000 | 1,199,569 | |
4% 3/15/44 | 8,705,000 | 8,554,060 | |
4% 3/15/45 | 7,020,000 | 6,878,059 | |
New York Trans. Dev. Corp. (Term. 4 JFK Int'l. Arpt. Proj.) Series 2020 C, 5% 12/1/33 | 325,000 | 355,327 | |
Niagara Area Dev. Corp. Rev. (Catholic Health Sys., Inc. Proj.) Series 2022, 4.5% 7/1/52 | 1,775,000 | 1,489,907 | |
Oneida County Local Dev. Corp. Rev. (Mohawk Valley Health Sys. Proj.) Series 2019 A, 5% 12/1/26 (Assured Guaranty Muni. Corp. Insured) | 1,520,000 | 1,520,829 | |
Suffolk County Econ. Dev. Corp. Rev. Series 2021: | |||
4.625% 11/1/31 (c) | 250,000 | 233,355 | |
5.375% 11/1/54 (c) | 935,000 | 784,635 | |
Triborough Bridge & Tunnel Auth. Series 2021 B, 4% 5/15/56 | 1,645,000 | 1,582,887 | |
Triborough Bridge & Tunnel Auth. Revs.: | |||
Series 2022 A: | |||
5% 11/15/40 | 2,280,000 | 2,542,877 | |
5% 11/15/41 | 1,750,000 | 1,942,347 | |
Series 2023 B1: | |||
5% 11/15/39 | 1,130,000 | 1,283,640 | |
5% 11/15/40 | 1,000,000 | 1,127,163 | |
5% 11/15/41 | 1,750,000 | 1,962,077 | |
5% 11/15/42 | 1,000,000 | 1,115,689 | |
5% 11/15/43 | 1,000,000 | 1,108,825 | |
TOTAL NEW YORK | 378,367,231 | ||
New York And New Jersey - 0.5% | |||
New Jersey Edl. Facilities Auth. Rev. Series 2024 B, 5.25% 3/1/54 | 11,590,000 | 13,011,832 | |
North Carolina - 1.4% | |||
Alamance County Series 2021, 2% 5/1/34 | 920,000 | 763,913 | |
Charlotte Ctfs. of Prtn. (Convention Facility Projs.) Series 2019 A, 4% 6/1/39 | 820,000 | 832,587 | |
Charlotte Int'l. Arpt. Rev. Series 2023 A: | |||
5% 7/1/37 | 775,000 | 888,472 | |
5% 7/1/38 | 785,000 | 895,129 | |
Charlotte-Mecklenburg Hosp. Auth. Health Care Sys. Rev. Bonds Series 2018 C, 3.45%, tender 10/31/25 (b) | 5,130,000 | 5,138,101 | |
New Hanover County Hosp. Rev. Series 2017, 5% 10/1/27 (Escrowed to Maturity) | 50,000 | 53,097 | |
North Carolina Hsg. Fin. Agcy. Home Ownership Rev.: | |||
Series 2020 45, 3% 7/1/51 | 11,650,000 | 11,362,356 | |
Series 2023 52A, 6.25% 1/1/55 | 1,105,000 | 1,205,980 | |
North Carolina Med. Care Commission Health Care Facilities Rev.: | |||
Bonds Series 2019 C, 2.55%, tender 6/1/26 (b) | 1,260,000 | 1,240,007 | |
Series 2020 A, 3% 7/1/45 | 1,810,000 | 1,465,562 | |
North Carolina Tpk. Auth. Triangle Expressway Sys. Series 2019, 5% 1/1/49 | 13,100,000 | 13,596,004 | |
TOTAL NORTH CAROLINA | 37,441,208 | ||
North Dakota - 0.3% | |||
Grand Forks Health Care Sys. Rev. Series 2021, 4% 12/1/46 | 1,060,000 | 920,031 | |
North Dakota Hsg. Fin. Agcy.: | |||
Series 2021 A, 3% 1/1/52 | 645,000 | 628,651 | |
Series 2021 B, 3% 7/1/52 | 1,860,000 | 1,798,524 | |
Series 2022, 5% 1/1/53 | 2,515,000 | 2,594,340 | |
Series 2023 F, 6.25% 1/1/54 | 390,000 | 426,082 | |
Univ. of North Dakota Series 2021 A, 3% 6/1/61 (Assured Guaranty Muni. Corp. Insured) | 2,865,000 | 2,024,316 | |
TOTAL NORTH DAKOTA | 8,391,944 | ||
Ohio - 2.1% | |||
Akron Bath Copley Hosp. District Rev.: | |||
Series 2016, 5.25% 11/15/46 | 3,495,000 | 3,542,522 | |
Series 2020, 5% 11/15/31 | 360,000 | 381,440 | |
American Muni. Pwr., Inc. Rev.: | |||
(Greenup Hydroelectric Proj.) Series 2016, 5% 2/15/46 | 830,000 | 841,748 | |
Series 2023 A: | |||
5% 2/15/30 | 1,725,000 | 1,895,465 | |
5% 2/15/31 | 1,425,000 | 1,585,394 | |
5% 2/15/32 | 1,900,000 | 2,137,423 | |
Buckeye Tobacco Settlement Fing. Auth. Series 2020 A2: | |||
3% 6/1/48 | 2,030,000 | 1,557,771 | |
4% 6/1/48 | 660,000 | 614,768 | |
5% 6/1/36 | 2,045,000 | 2,188,777 | |
Chillicothe Hosp. Facilities Rev. (Adena Health Sys. Oblig. Group Proj.) Series 2017, 5% 12/1/47 | 935,000 | 946,802 | |
Cleveland Arpt. Sys. Rev. Series 2016 A, 5% 1/1/25 (Assured Guaranty Muni. Corp. Insured) | 685,000 | 689,916 | |
Cleveland-Cuyahoga County Port Auth. Rev. (Euclid Avenue Dev. Corp. Proj.) Series 2022 A: | |||
5% 8/1/39 | 1,250,000 | 1,344,626 | |
5.25% 8/1/40 | 1,320,000 | 1,434,659 | |
5.25% 8/1/41 | 1,390,000 | 1,504,742 | |
5.25% 8/1/42 | 1,465,000 | 1,580,185 | |
Cuyahoga County Hosp. Rev. Series 2017, 5.5% 2/15/52 | 3,720,000 | 3,800,354 | |
Hamilton County Healthcare Rev. (Life Enriching Cmntys. Proj.) Series 2016, 5% 1/1/51 | 935,000 | 891,493 | |
Hamilton County Hosp. Facilities Rev. (Trihealth, Inc. Obligated Group Proj.) Series 2017 A, 5% 8/15/33 | 770,000 | 801,017 | |
Miami County Hosp. Facilities Rev. (Kettering Health Network Obligated Group Proj.) Series 2019, 5% 8/1/45 | 3,320,000 | 3,398,154 | |
Middleburg Heights Hosp. Rev. Series 2021 A, 4% 8/1/41 | 1,590,000 | 1,530,472 | |
Ohio Higher Edl. Facility Commission Rev.: | |||
(Kenyon College 2020 Proj.) Series 2020: | |||
4% 7/1/40 | 685,000 | 686,540 | |
5% 7/1/35 | 2,455,000 | 2,697,048 | |
5% 7/1/42 | 4,235,000 | 4,519,509 | |
(Kenyon College, Oh. Proj.) Series 2017, 5% 7/1/42 | 1,590,000 | 1,638,444 | |
Ohio Hosp. Rev.: | |||
Bonds Series 2019 C, 2.75%, tender 5/1/28 (b) | 1,255,000 | 1,221,313 | |
Series 2020 A, 4% 1/15/50 | 265,000 | 246,052 | |
Ohio Hsg. Fin. Agcy. Residential Mtg. Rev.: | |||
(Mtg. Backed Securities Prog.) Series 2019 B, 4.5% 3/1/50 | 70,000 | 70,555 | |
(Mtg.-Backed Securities Prog.) Series 2023 B, 6% 3/1/55 | 1,580,000 | 1,731,526 | |
Ohio Major New State Infrastructure Rev. Series 2021 1A, 5% 12/15/31 | 1,310,000 | 1,488,197 | |
Ohio Spl. Oblig. (Trans. Bldg. Fund Projs.) Series 2023 A, 5% 4/1/36 | 1,000,000 | 1,137,371 | |
Ohio Tpk. Commission Tpk. Rev. (Infrastructure Projs.) Series 2022 A, 5% 2/15/39 | 590,000 | 669,656 | |
Ross County Hosp. Facilities Rev. (Adena Health Sys. Obligated Group Proj.) Series 2019: | |||
5% 12/1/24 | 490,000 | 492,263 | |
5% 12/1/25 | 430,000 | 438,438 | |
5% 12/1/26 | 560,000 | 576,438 | |
Scioto County Hosp. Facilities Rev.: | |||
Series 2016: | |||
5% 2/15/26 | 1,815,000 | 1,849,481 | |
5% 2/15/27 | 1,510,000 | 1,543,258 | |
Series 2019, 5% 2/15/29 | 405,000 | 417,095 | |
Washington County Hosp. Rev. Series 2022: | |||
6% 12/1/28 | 830,000 | 861,518 | |
6% 12/1/29 | 880,000 | 920,516 | |
6% 12/1/30 | 930,000 | 979,249 | |
6% 12/1/31 | 995,000 | 1,054,033 | |
TOTAL OHIO | 57,906,228 | ||
Oklahoma - 0.1% | |||
Oklahoma Dev. Fin. Auth. Rev. (Oklahoma City Univ. Proj.) Series 2019: | |||
5% 8/1/26 | 335,000 | 339,926 | |
5% 8/1/44 | 620,000 | 620,635 | |
Oklahoma Hsg. Fin. Agcy. Single Family Mtg. Rev.: | |||
(Homeownership Ln. Prog.) Series 2023 C, 6% 3/1/54 | 295,000 | 323,397 | |
(Homeownership Load Prog.) Series 2023 D, 6.5% 9/1/54 | 285,000 | 320,346 | |
TOTAL OKLAHOMA | 1,604,304 | ||
Oregon - 0.5% | |||
Medford Hosp. Facilities Auth. Rev. (Asante Projs.) Series 2020 A: | |||
5% 8/15/36 | 1,215,000 | 1,306,090 | |
5% 8/15/38 | 3,465,000 | 3,703,396 | |
Oregon Gen. Oblig. Series 2022 A, 5% 12/1/52 | 1,720,000 | 1,778,748 | |
Oregon State Hsg. & Cmnty. Svcs. Dept.: | |||
(Single-Family Mtg. Prog.) Series 2019 A, 2.65% 7/1/39 | 570,000 | 480,464 | |
Series 2019 A, 4% 7/1/50 | 5,160,000 | 5,155,536 | |
Salem Hosp. Facility Auth. Rev. (Salem Health Projs.) Series 2019 A, 3% 5/15/49 | 3,125,000 | 2,465,090 | |
TOTAL OREGON | 14,889,324 | ||
Pennsylvania - 4.7% | |||
Allegheny County Arpt. Auth. Rev.: | |||
Series 2021 B, 5% 1/1/51 | 7,525,000 | 7,917,579 | |
Series 2023 B: | |||
5.25% 1/1/48 (Assured Guaranty Muni. Corp. Insured) | 850,000 | 932,663 | |
5.25% 1/1/53 (Assured Guaranty Muni. Corp. Insured) | 1,000,000 | 1,090,953 | |
Allegheny County Higher Ed. Bldg. Auth. Series 2024 A, 5% 8/1/27 | 3,940,000 | 4,177,140 | |
Allegheny County Indl. Dev. Auth. Rev. Series 2021: | |||
3.5% 12/1/31 | 445,000 | 213,600 | |
4% 12/1/41 | 995,000 | 477,600 | |
4.25% 12/1/50 | 1,110,000 | 532,800 | |
Commonwealth Fing. Auth. Rev.: | |||
Series 2019 B, 5% 6/1/26 | 635,000 | 657,770 | |
Series 2020 A: | |||
5% 6/1/29 | 1,640,000 | 1,780,819 | |
5% 6/1/32 | 2,810,000 | 3,110,780 | |
Dauphin County Gen. Auth. (Pinnacle Health Sys. Proj.) Series 2016 A, 5% 6/1/34 | 1,065,000 | 1,088,139 | |
Delaware County Auth. Rev.: | |||
(Cabrini College) Series 2017, 5% 7/1/47 (Pre-Refunded to 7/1/27 @ 100) | 1,640,000 | 1,724,222 | |
Series 2017, 5% 7/1/30 (Pre-Refunded to 7/1/27 @ 100) | 1,345,000 | 1,414,072 | |
Doylestown Hosp. Auth. Hosp. Rev. Series 2019 A: | |||
5% 7/1/49 | 860,000 | 862,936 | |
5% 7/1/49 (Pre-Refunded to 7/1/29 @ 100) | 95,000 | 103,122 | |
Geisinger Auth. Health Sys. Rev. Bonds Series 2020 C, 5%, tender 4/1/30 (b) | 3,675,000 | 3,936,617 | |
Lancaster Muni. Auth. Rev. Series 2023 B, 5% 6/1/29 | 2,515,000 | 2,728,780 | |
Lehigh County Gen. Purp. Hosp. Rev. Series 2019 A: | |||
5% 7/1/26 | 1,780,000 | 1,827,380 | |
5% 7/1/27 | 1,870,000 | 1,944,837 | |
5% 7/1/28 | 1,945,000 | 2,047,446 | |
Monroeville Fin. Auth. UPMC Rev. Series 2023 C, 5% 5/15/35 | 380,000 | 426,628 | |
Montgomery County Higher Ed. & Health Auth. Rev.: | |||
Series 2016 A, 5% 10/1/40 | 2,515,000 | 2,338,459 | |
Series 2019: | |||
4% 9/1/36 | 700,000 | 695,286 | |
4% 9/1/37 | 700,000 | 694,069 | |
4% 9/1/38 | 1,590,000 | 1,563,112 | |
4% 9/1/39 | 1,030,000 | 1,006,497 | |
4% 9/1/44 | 235,000 | 221,670 | |
5% 9/1/24 | 630,000 | 630,751 | |
Series 2020: | |||
5% 4/1/25 | 260,000 | 261,268 | |
5% 4/1/26 | 310,000 | 309,726 | |
5% 4/1/27 | 590,000 | 603,763 | |
Pennsylvania Econ. Dev. Fing. Auth.: | |||
Series 2020 A, 5% 4/15/25 | 700,000 | 708,993 | |
Series 2023 A2, 5% 5/15/35 | 500,000 | 563,831 | |
Series 2023 B, 5% 5/15/35 | 500,000 | 563,424 | |
Pennsylvania Econ. Dev. Fing. Auth. Indl. Dev. Rev. (Presbyterian Sr. Living Proj.): | |||
Series 2023 B1, 5.25% 7/1/49 | 900,000 | 946,952 | |
Series 2023 B2, 5.25% 7/1/46 | 965,000 | 1,022,606 | |
Pennsylvania Gen. Oblig. Series 2018: | |||
3.2% 3/1/29 | 3,750,000 | 3,728,891 | |
3.35% 3/1/30 | 5,580,000 | 5,560,756 | |
Pennsylvania Higher Edl. Facilities Auth. Rev.: | |||
Series 2012, 5% 11/1/42 | 1,280,000 | 1,279,946 | |
Series 2016, 5% 5/1/34 | 1,495,000 | 1,515,845 | |
Pennsylvania Hsg. Fin. Agcy.: | |||
Series 2021 137, 3% 10/1/51 | 2,770,000 | 2,671,932 | |
Series 2023 142A: | |||
4.5% 10/1/38 | 1,940,000 | 1,998,471 | |
5% 10/1/43 | 1,400,000 | 1,458,983 | |
Pennsylvania State Univ. Series 2020 A, 4% 9/1/50 | 1,385,000 | 1,354,783 | |
Pennsylvania Tpk. Commission Tpk. Rev.: | |||
Series 2016, 5% 6/1/36 | 1,870,000 | 1,912,090 | |
Series 2021 A: | |||
4% 12/1/46 | 4,680,000 | 4,483,811 | |
4% 12/1/50 | 935,000 | 874,713 | |
Philadelphia Auth. for Indl. Dev.: | |||
Series 2015 1, 5% 4/1/33 | 495,000 | 499,046 | |
Series 2017, 5% 11/1/47 | 975,000 | 982,987 | |
Philadelphia Gen. Oblig.: | |||
Series 2019 A, 5% 8/1/26 | 1,090,000 | 1,129,530 | |
Series 2019 B: | |||
5% 2/1/34 | 2,105,000 | 2,277,079 | |
5% 2/1/35 | 2,575,000 | 2,758,102 | |
5% 2/1/36 | 2,260,000 | 2,412,523 | |
Philadelphia School District: | |||
Series 2018 A, 5% 9/1/26 | 1,310,000 | 1,351,805 | |
Series 2019 A: | |||
4% 9/1/35 | 1,170,000 | 1,191,395 | |
5% 9/1/26 | 1,870,000 | 1,941,141 | |
5% 9/1/30 | 1,250,000 | 1,343,684 | |
5% 9/1/32 | 935,000 | 1,004,113 | |
5% 9/1/34 (Assured Guaranty Muni. Corp. Insured) | 580,000 | 620,525 | |
5% 9/1/44 | 1,355,000 | 1,420,454 | |
Series 2019 B, 5% 9/1/26 | 1,035,000 | 1,074,375 | |
Philadelphia Wtr. & Wastewtr. Rev.: | |||
Series 2022 C: | |||
5% 6/1/33 | 650,000 | 736,518 | |
5% 6/1/34 | 800,000 | 905,916 | |
Series 2023 B: | |||
5% 9/1/38 (Assured Guaranty Muni. Corp. Insured) | 1,500,000 | 1,707,108 | |
5% 9/1/41 (Assured Guaranty Muni. Corp. Insured) | 4,330,000 | 4,814,379 | |
5% 9/1/42 (Assured Guaranty Muni. Corp. Insured) | 3,500,000 | 3,852,725 | |
5.5% 9/1/53 (Assured Guaranty Muni. Corp. Insured) | 2,755,000 | 3,112,476 | |
Pittsburgh Wtr. & Swr. Auth. Wtr. & Swr. Sys. Rev. Series 2019 A, 5% 9/1/44 (Assured Guaranty Muni. Corp. Insured) | 420,000 | 443,474 | |
Southcentral Pennsylvania Gen. Auth. Rev.: | |||
Series 2019 A: | |||
4% 6/1/44 | 220,000 | 212,116 | |
4% 6/1/49 | 520,000 | 496,379 | |
5% 6/1/44 | 380,000 | 393,136 | |
5% 6/1/49 | 605,000 | 622,008 | |
Series 2023 A, 5% 6/1/29 | 8,050,000 | 8,734,266 | |
State Pub. School Bldg. Auth. Lease Rev. (The School District of Philadelphia Proj.) Series 2016 A, 5% 6/1/32 (Assured Guaranty Muni. Corp. Insured) | 830,000 | 857,999 | |
Union County Hosp. Auth. Rev. Series 2018 B, 5% 8/1/48 | 1,340,000 | 1,364,648 | |
TOTAL PENNSYLVANIA | 126,226,418 | ||
Puerto Rico - 1.2% | |||
Puerto Rico Commonwealth Aqueduct & Swr. Auth.: | |||
Series 2021 B: | |||
4% 7/1/42 (c) | 1,750,000 | 1,643,086 | |
5% 7/1/33 (c) | 835,000 | 877,779 | |
5% 7/1/37 (c) | 3,500,000 | 3,657,960 | |
Series 2022 A, 4% 7/1/42 (c) | 1,750,000 | 1,643,106 | |
Puerto Rico Commonwealth Pub. Impt. Gen. Oblig. Series 2021 A1: | |||
0% 7/1/33 | 8,638,773 | 5,816,250 | |
4% 7/1/33 | 5,651,810 | 5,668,501 | |
4% 7/1/35 | 2,035,000 | 1,999,594 | |
5.625% 7/1/27 | 589,592 | 615,039 | |
5.625% 7/1/29 | 4,000,136 | 4,292,685 | |
Puerto Rico Sales Tax Fing. Corp. Sales Tax Rev. Series 2019 A2, 4.329% 7/1/40 | 5,120,000 | 5,075,070 | |
TOTAL PUERTO RICO | 31,289,070 | ||
Rhode Island - 1.0% | |||
Pub. Bldgs Authr (Cap. Impt. Prog. Projs.) Series 2020 A, 5% 9/15/39 (Assured Guaranty Muni. Corp. Insured) | 1,490,000 | 1,566,630 | |
Rhode Island Health & Edl. Bldg. Corp. Higher Ed. Facilities Rev. Series 2016 B: | |||
5% 9/1/31 | 855,000 | 859,662 | |
5% 9/1/36 | 1,670,000 | 1,675,316 | |
Rhode Island Health and Edl. Bldg. Corp. Higher Ed. Facility Rev.: | |||
Series 2023: | |||
5% 11/1/36 | 225,000 | 255,384 | |
5% 11/1/39 | 255,000 | 284,662 | |
5% 11/1/41 | 750,000 | 826,553 | |
5% 11/1/42 | 1,000,000 | 1,097,384 | |
5% 11/1/43 | 1,300,000 | 1,422,536 | |
5% 11/1/47 | 5,500,000 | 5,941,048 | |
Series 2024: | |||
5% 6/1/36 | 1,000,000 | 1,135,011 | |
5% 6/1/45 | 3,570,000 | 3,882,989 | |
5% 6/1/48 | 4,095,000 | 4,412,398 | |
Rhode Island Hsg. & Mtg. Fin. Corp.: | |||
Series 2019 70, 4% 10/1/49 | 100,000 | 99,909 | |
Series 2020 73A, 2.3% 10/1/40 | 3,045,000 | 2,265,999 | |
Rhode Island Hsg. & Mtg. Fin. Corp. Rev. Series 72 A, 3.5% 10/1/50 | 730,000 | 721,606 | |
TOTAL RHODE ISLAND | 26,447,087 | ||
South Carolina - 1.4% | |||
Charleston County Arpt. District Series 2019, 5% 7/1/48 | 1,755,000 | 1,838,649 | |
South Carolina Hsg. Fin. & Dev. Auth. Mtg. Rev.: | |||
Series 2019 A, 4% 1/1/50 | 180,000 | 179,984 | |
Series 2023 B, 6% 1/1/54 | 965,000 | 1,058,766 | |
South Carolina Jobs-Econ. Dev. Auth.: | |||
Series 2019 C, 5% 7/1/33 | 1,220,000 | 1,294,247 | |
Series 2023: | |||
4% 2/1/42 | 2,110,000 | 2,107,184 | |
4% 2/1/43 | 2,500,000 | 2,488,859 | |
5% 2/1/40 | 1,460,000 | 1,599,451 | |
5% 2/1/41 | 2,000,000 | 2,176,299 | |
South Carolina Jobs-Econ. Dev. Auth. Econ. Dev. Rev. Series 2022 A, 4% 4/1/52 | 2,900,000 | 2,818,096 | |
South Carolina Pub. Svc. Auth. Rev.: | |||
Series 2014 C, 5% 12/1/26 | 95,000 | 95,149 | |
Series 2016 A, 5% 12/1/33 | 205,000 | 208,572 | |
Series 2020 A, 5% 12/1/32 | 1,580,000 | 1,715,890 | |
Series 2024 A: | |||
5% 12/1/33 | 2,250,000 | 2,548,893 | |
5% 12/1/37 | 2,270,000 | 2,558,280 | |
5% 12/1/40 | 2,000,000 | 2,213,895 | |
5.25% 12/1/49 | 1,340,000 | 1,463,919 | |
5.5% 12/1/54 | 1,855,000 | 2,055,975 | |
Series 2024 B: | |||
4.125% 12/1/44 | 460,000 | 453,645 | |
5% 12/1/46 | 685,000 | 735,788 | |
5.25% 12/1/54 | 5,055,000 | 5,453,587 | |
Spartanburg County Reg'l. Health Series 2017 A, 5% 4/15/48 | 2,310,000 | 2,367,383 | |
TOTAL SOUTH CAROLINA | 37,432,511 | ||
South Dakota - 0.1% | |||
South Dakota Health & Edl. Facilities Auth. Rev. Series 2020 A, 3% 9/1/45 | 1,730,000 | 1,377,981 | |
South Dakota Hsg. Dev. Auth. Series 2023 G, 6.25% 5/1/55 | 560,000 | 611,841 | |
TOTAL SOUTH DAKOTA | 1,989,822 | ||
Tennessee - 1.1% | |||
Chattanooga Health Ed. & Hsg. Facility Board Rev.: | |||
Series 2019 A1: | |||
4% 8/1/44 | 7,770,000 | 7,502,901 | |
5% 8/1/25 | 575,000 | 585,259 | |
Series 2019 A2, 5% 8/1/44 | 2,105,000 | 2,188,218 | |
Jackson Hosp. Rev. Series 2018 A: | |||
5% 4/1/27 | 560,000 | 576,777 | |
5% 4/1/27 (Escrowed to Maturity) | 30,000 | 31,442 | |
5% 4/1/28 | 375,000 | 390,508 | |
5% 4/1/28 (Escrowed to Maturity) | 20,000 | 21,321 | |
5% 4/1/41 | 445,000 | 459,893 | |
5% 4/1/41 (Pre-Refunded to 10/1/28 @ 100) | 25,000 | 26,869 | |
Marion County Series 2022, 2% 6/1/34 | 1,330,000 | 1,100,370 | |
Metropolitan Govt. of Nashville & Davidson County Series 2023: | |||
5% 5/1/43 | 2,000,000 | 2,154,739 | |
5.25% 5/1/48 | 5,000,000 | 5,398,447 | |
Nashville and Davidson County Metropolitan Govt. Health & Edl. Facilities Board Rev. (Lipscomb Univ. Proj.) Series 2019 A: | |||
4% 10/1/49 | 2,150,000 | 1,874,524 | |
5.25% 10/1/58 | 1,145,000 | 1,158,523 | |
Tennergy Corp. Gas Rev. Bonds Series 2019 A, 5%, tender 10/1/24 (b) | 1,895,000 | 1,900,712 | |
Tennessee Hsg. Dev. Agcy. Series 2015 A, 3.5% 7/1/45 | 530,000 | 526,765 | |
Tennessee Hsg. Dev. Agcy. Residential: | |||
Series 2019 3: | |||
2.6% 7/1/39 | 265,000 | 221,493 | |
2.8% 7/1/44 | 325,000 | 259,723 | |
Series 2019 4, 2.9% 7/1/39 | 575,000 | 491,253 | |
Series 2021 1, 3% 7/1/51 | 2,170,000 | 2,118,290 | |
Series 2021 3A, 3% 1/1/52 | 720,000 | 698,969 | |
TOTAL TENNESSEE | 29,686,996 | ||
Texas - 8.5% | |||
Bell County Gen. Oblig. Series 2021: | |||
2% 2/15/34 | 2,500,000 | 2,041,075 | |
2% 2/15/35 | 1,000,000 | 801,306 | |
Brazos County Gen. Oblig. Series 2020: | |||
1.75% 9/1/33 | 1,355,000 | 1,085,706 | |
1.875% 9/1/35 | 705,000 | 549,555 | |
Cedar Park Series 2020, 1.75% 2/15/36 | 1,665,000 | 1,264,043 | |
Central Reg'l. Mobility Auth.: | |||
Series 2020 B: | |||
4% 1/1/34 | 260,000 | 267,000 | |
4% 1/1/35 | 210,000 | 215,503 | |
4% 1/1/36 | 230,000 | 235,206 | |
4% 1/1/37 | 330,000 | 336,316 | |
4% 1/1/38 | 435,000 | 442,028 | |
4% 1/1/39 | 560,000 | 566,002 | |
4% 1/1/40 | 215,000 | 216,537 | |
5% 1/1/27 | 185,000 | 191,941 | |
5% 1/1/28 | 215,000 | 226,477 | |
5% 1/1/29 | 795,000 | 849,460 | |
5% 1/1/30 | 375,000 | 405,921 | |
5% 1/1/31 | 185,000 | 200,076 | |
5% 1/1/32 | 185,000 | 199,886 | |
5% 1/1/33 | 280,000 | 302,222 | |
Series 2021 B: | |||
5% 1/1/30 | 935,000 | 1,012,095 | |
5% 1/1/32 | 1,195,000 | 1,307,092 | |
5% 1/1/39 | 1,215,000 | 1,311,737 | |
5% 1/1/46 | 3,275,000 | 3,460,259 | |
Series 2021 C, 5% 1/1/27 | 3,525,000 | 3,612,147 | |
Clear Creek Independent School District Bonds Series 2013 B, 3.6%, tender 8/15/25 (b) | 1,600,000 | 1,605,218 | |
Coppell Tex Series 2020, 1.625% 2/1/37 | 1,495,000 | 1,070,673 | |
Cypress-Fairbanks Independent School District Series 2019 A, 3% 2/15/33 | 2,765,000 | 2,656,891 | |
Dallas Fort Worth Int'l. Arpt. Rev.: | |||
Series 2020 B: | |||
4% 11/1/34 | 1,320,000 | 1,360,213 | |
4% 11/1/35 | 1,175,000 | 1,208,364 | |
Series 2023 B, 5% 11/1/39 | 2,600,000 | 2,931,670 | |
Dallas Wtrwks. & Swr. Sys. Rev. Series 2017, 5% 10/1/46 | 470,000 | 484,822 | |
Denton Independent School District Bonds: | |||
Series 2014 B: | |||
2%, tender 8/1/24 (b) | 85,000 | 85,000 | |
2%, tender 8/1/24 (b) | 90,000 | 90,000 | |
Series 2019: | |||
2%, tender 8/1/24 (b) | 70,000 | 70,000 | |
2%, tender 8/1/24 (b) | 385,000 | 385,000 | |
Frisco Texas: | |||
Series 2020: | |||
2% 2/15/34 | 1,545,000 | 1,269,901 | |
2% 2/15/35 | 1,575,000 | 1,266,637 | |
2% 2/15/36 | 1,610,000 | 1,262,096 | |
2% 2/15/37 | 1,640,000 | 1,254,458 | |
Series 2022: | |||
2% 2/15/35 | 4,460,000 | 3,586,794 | |
2% 2/15/36 | 4,550,000 | 3,566,794 | |
2% 2/15/41 | 525,000 | 360,170 | |
Grand Parkway Trans. Corp. Bonds Series 2023, 5%, tender 4/1/28 (b) | 10,230,000 | 10,819,077 | |
Harris County Cultural Ed. Facilities Fin. Corp. Med. Facilities Rev. Series 2024, 5% 5/15/29 | 2,250,000 | 2,428,930 | |
Harris County Toll Road Rev. Series 2018 A, 5% 8/15/43 | 470,000 | 488,625 | |
Hays Consolidated Independent School District Series 2022: | |||
4% 2/15/38 | 1,000,000 | 1,029,163 | |
4% 2/15/39 | 2,000,000 | 2,038,779 | |
Houston Arpt. Sys. Rev. Series 2018 D, 5% 7/1/39 | 2,035,000 | 2,130,438 | |
Houston Convention and Entertainment Facilities Dept. Hotel Occupancy Tax and Spl. Rev. Series 2019, 5% 9/1/33 | 715,000 | 762,461 | |
Houston Gen. Oblig. Series 2017 A, 5% 3/1/31 | 1,170,000 | 1,216,919 | |
Houston Higher Ed. Fin. Corp. Higher Ed. Rev. Series 2024, 5% 5/15/34 | 8,525,000 | 9,974,634 | |
Houston Util. Sys. Rev. Series 2021 A: | |||
5% 11/15/26 | 355,000 | 371,236 | |
5% 11/15/28 | 1,480,000 | 1,601,783 | |
Hurst Euless Bedford Independent School District Series 2024: | |||
5% 8/15/32 | 3,270,000 | 3,740,859 | |
5% 8/15/33 | 8,230,000 | 9,523,998 | |
5% 8/15/34 | 5,980,000 | 7,000,872 | |
Irving Hosp. Auth. Hosp. Rev. Series 2017 A, 5% 10/15/35 | 385,000 | 391,524 | |
Judson Independent School District Series 2024, 5% 2/1/37 | 2,000,000 | 2,306,976 | |
Katy Independent School District Series 2023: | |||
5% 2/15/38 | 500,000 | 561,099 | |
5% 2/15/39 | 1,500,000 | 1,676,191 | |
5% 2/15/40 | 330,000 | 366,563 | |
Lower Colorado River Auth. Rev. (LCRA Transmission Svcs. Corp. Proj.): | |||
Series 2018: | |||
5% 5/15/43 | 1,405,000 | 1,456,465 | |
5% 5/15/48 | 1,590,000 | 1,640,730 | |
Series 2020, 5% 5/15/28 | 2,105,000 | 2,250,729 | |
Series 2023: | |||
5% 5/15/36 (Assured Guaranty Muni. Corp. Insured) | 3,000,000 | 3,365,863 | |
5% 5/15/37 (Assured Guaranty Muni. Corp. Insured) | 1,400,000 | 1,565,012 | |
5% 5/15/38 (Assured Guaranty Muni. Corp. Insured) | 1,500,000 | 1,667,408 | |
5% 5/15/39 (Assured Guaranty Muni. Corp. Insured) | 1,915,000 | 2,113,820 | |
5% 5/15/40 (Assured Guaranty Muni. Corp. Insured) | 2,500,000 | 2,742,239 | |
Series 2024: | |||
5% 5/15/28 (Assured Guaranty Muni. Corp. Insured) | 1,250,000 | 1,338,851 | |
5% 5/15/29 (Assured Guaranty Muni. Corp. Insured) | 1,650,000 | 1,793,472 | |
5% 5/15/30 (Assured Guaranty Muni. Corp. Insured) | 1,750,000 | 1,925,993 | |
5% 5/15/31 (Assured Guaranty Muni. Corp. Insured) | 1,650,000 | 1,840,900 | |
5% 5/15/32 (Assured Guaranty Muni. Corp. Insured) | 1,570,000 | 1,773,943 | |
5% 5/15/33 (Assured Guaranty Muni. Corp. Insured) | 1,120,000 | 1,280,913 | |
5% 5/15/34 (Assured Guaranty Muni. Corp. Insured) | 1,000,000 | 1,143,241 | |
5% 5/15/35 (Assured Guaranty Muni. Corp. Insured) | 1,010,000 | 1,152,728 | |
Midlothian Independent School District Bonds Series 2013 C: | |||
2%, tender 8/1/24 (b) | 175,000 | 175,000 | |
2%, tender 8/1/24 (b) | 355,000 | 355,000 | |
Newark Higher Ed. Fin. Corp. (Abilene Christian Univ. Proj.) Series 2016 A, 5% 4/1/28 | 1,450,000 | 1,486,158 | |
North East Texas Independent School District Bonds Series 2019, 2.2%, tender 8/1/24 (b) | 325,000 | 325,000 | |
North Texas Tollway Auth. Rev.: | |||
Series 2016 A, 5% 1/1/30 | 700,000 | 717,275 | |
Series 2018: | |||
4% 1/1/38 | 1,715,000 | 1,710,030 | |
5% 1/1/35 | 470,000 | 494,582 | |
Series 2019 B, 5% 1/1/25 | 605,000 | 609,957 | |
Series 2021 B, 4% 1/1/33 | 1,870,000 | 1,926,552 | |
Northside Independent School District Bonds: | |||
Series 2020, 0.7%, tender 6/1/25 (b) | 1,510,000 | 1,477,814 | |
Series 2023 B, 3%, tender 8/1/26 (b) | 10,345,000 | 10,249,619 | |
Pasadena Independent School District Bonds Series 2015 B, 1.5%, tender 8/15/24 (b) | 2,175,000 | 2,172,867 | |
Plano Gen. Oblig.: | |||
Series 2018, 3.37% 9/1/37 | 840,000 | 804,141 | |
Series 2023, 5% 9/1/40 | 1,000,000 | 1,112,142 | |
Prosper Independent School District: | |||
Bonds Series 2019 B, 4%, tender 8/15/26 (b) | 1,825,000 | 1,840,668 | |
Series 2021 A, 3% 2/15/37 | 1,480,000 | 1,333,794 | |
Series 2024: | |||
5% 2/15/41 | 3,380,000 | 3,813,293 | |
5% 2/15/42 | 2,220,000 | 2,493,950 | |
San Antonio Elec. & Gas Sys. Rev.: | |||
Bonds Series 2020, 1.75%, tender 12/1/25 (b) | 10,060,000 | 9,760,741 | |
Series 2021 A, 5% 2/1/46 | 3,690,000 | 3,913,006 | |
Tarrant County Cultural Ed. Facilities Fin. Corp. Hosp. Rev.: | |||
Series 2020, 5% 12/1/24 | 515,000 | 518,015 | |
Series 2022: | |||
4% 10/1/42 | 1,185,000 | 1,168,310 | |
4% 10/1/47 | 1,265,000 | 1,218,150 | |
4% 10/1/52 | 2,810,000 | 2,690,872 | |
5% 10/1/36 | 515,000 | 573,493 | |
5% 10/1/40 | 1,870,000 | 2,046,000 | |
Tarrant County Cultural Ed. Facilities Fin. Corp. Retirement Facility Rev. (Buckner Retirement Svcs., Inc.) Series 2016 B, 5% 11/15/40 | 890,000 | 893,331 | |
Tarrant County Cultural Ed. Facilities Fin. Corp. Rev. Series 2016 A, 5% 2/15/47 | 7,485,000 | 7,601,921 | |
Texas Dept. of Hsg. & Cmnty. Affairs Multi-family Hsg. Rev. Series 2019, 2.95% 7/1/36 | 693,369 | 611,675 | |
Texas Dept. of Hsg. & Cmnty. Affairs Residential Mtg. Rev. Series 2023 B, 6% 1/1/54 | 4,000,000 | 4,390,118 | |
Texas Dept. of Hsg. & Cmnty. Affairs Single Family Mtg. Rev.: | |||
Series 2019 A, 4% 3/1/50 | 495,000 | 495,168 | |
Series 2023, 6% 3/1/54 | 2,395,000 | 2,634,273 | |
Texas Muni. Gas Acquisition & Supply Corp. Bonds Series 2023 B, 5.5%, tender 1/1/34 (b) | 1,090,000 | 1,223,191 | |
Texas Private Activity Bond Surface Trans. Corp. (LBJ Infrastructure Group LLC I-635 Managed Lanes Proj.) Series 2020 A: | |||
4% 6/30/36 | 770,000 | 776,187 | |
4% 6/30/38 | 1,965,000 | 1,967,468 | |
4% 12/31/39 | 1,640,000 | 1,628,985 | |
Texas Trans. Commission Series 2019 A, 0% 8/1/41 | 1,405,000 | 633,920 | |
Texas Trans. Commission Hwy. Impt. Gen. Oblig. Bonds Series 2014 B, 0.65%, tender 4/1/26 (b) | 8,695,000 | 8,190,094 | |
Texas Trans. Commission State Hwy. Fund Rev. Series 2024, 5% 10/1/33 | 7,180,000 | 8,335,367 | |
Waco Gen. Oblig. Series 2020: | |||
2.25% 2/1/36 | 1,935,000 | 1,546,630 | |
2.375% 2/1/40 | 710,000 | 522,552 | |
TOTAL TEXAS | 229,534,034 | ||
Utah - 0.5% | |||
Salt Lake City Arpt. Rev. Series 2021 B: | |||
5% 7/1/46 | 2,305,000 | 2,474,233 | |
5% 7/1/51 | 9,285,000 | 9,888,562 | |
TOTAL UTAH | 12,362,795 | ||
Vermont - 0.1% | |||
Vermont Hsg. Fin. Agcy.: | |||
Series 2021 B, 3% 11/1/51 | 910,000 | 878,777 | |
Series 2022 A, 5.25% 11/1/52 | 997,000 | 1,039,953 | |
Series A, 3.75% 11/1/50 | 991,000 | 985,270 | |
TOTAL VERMONT | 2,904,000 | ||
Virginia - 0.5% | |||
Arlington County IDA Hosp. Facilities Bonds Series 2023 A, 5%, tender 7/1/31 (b) | 4,425,000 | 4,769,777 | |
Halifax County Indl. Dev. Auth. Bonds (Virgina Elec. and Pwr. Co. Proj.) Series 2010 A, 3.8%, tender 5/28/27 (b) | 2,020,000 | 2,044,920 | |
Lynchburg Econ. Dev. Series 2021, 3% 1/1/51 | 1,550,000 | 1,190,578 | |
Roanoke Econ. Dev. Auth. Edl. Facilities Series 2018 A, 5% 9/1/27 | 470,000 | 481,199 | |
Salem Econ. Dev. Auth. Series 2020: | |||
4% 4/1/38 | 260,000 | 249,196 | |
4% 4/1/39 | 235,000 | 222,501 | |
4% 4/1/40 | 260,000 | 243,205 | |
4% 4/1/45 | 700,000 | 625,214 | |
5% 4/1/26 | 330,000 | 335,457 | |
5% 4/1/27 | 330,000 | 339,127 | |
5% 4/1/28 | 410,000 | 424,965 | |
5% 4/1/29 | 540,000 | 563,806 | |
5% 4/1/49 | 935,000 | 940,884 | |
Virginia Port Auth. Commonwealth Port Rev. Series 2023 A, 5% 7/1/40 | 1,165,000 | 1,315,688 | |
TOTAL VIRGINIA | 13,746,517 | ||
Washington - 2.1% | |||
King County Gen. Oblig. Series 2021 A, 2% 1/1/36 | 2,200,000 | 1,749,722 | |
King County Hsg. Auth. Rev. Series 2021, 4% 12/1/29 | 675,000 | 685,389 | |
King County Swr. Rev. Bonds Series 2020 B, 0.875%, tender 1/1/26 (b) | 2,150,000 | 2,072,094 | |
King County Wash Hsg. Auth. Afford (Kirkland Heights Proj.) Series 2023 A3: | |||
4.5% 1/1/40 | 1,000,000 | 1,030,892 | |
4.625% 1/1/41 | 2,400,000 | 2,490,516 | |
Port of Seattle Rev. Series 2015 B, 5% 3/1/25 | 235,000 | 235,350 | |
Seattle Hsg. Auth. Rev. (Juniper Apts. Proj.) Series 2023, 4.375% 12/1/30 | 2,020,000 | 2,043,702 | |
Spokane County School District #81 (WA State School District Cr. Enhancement Prog.) Series 2017 B, 5% 12/1/29 | 2,995,000 | 3,190,942 | |
Spokane Pub. Facilities District Hotel/Motel Tax & Sales/Use Tax Rev. Series 2017, 5% 12/1/38 | 1,100,000 | 1,122,370 | |
Washington Convention Ctr. Pub. Facilities: | |||
Series 2021 B, 3% 7/1/43 | 500,000 | 395,857 | |
Series 2021, 4% 7/1/31 | 9,195,000 | 9,103,880 | |
Washington Gen. Oblig. Series 2017 D, 5% 2/1/35 | 470,000 | 489,850 | |
Washington Health Care Facilities Auth. Rev.: | |||
(Overlake Hosp. Med. Ctr., WA. Proj.) Series 2017 B: | |||
5% 7/1/27 | 810,000 | 822,592 | |
5% 7/1/31 | 40,000 | 40,730 | |
5% 7/1/42 | 525,000 | 526,129 | |
(Virginia Mason Med. Ctr. Proj.) Series 2017: | |||
5% 8/15/25 | 230,000 | 232,311 | |
5% 8/15/26 | 210,000 | 213,479 | |
Series 2015 B, 5% 10/1/38 | 3,950,000 | 4,311,702 | |
Series 2017 A, 4% 7/1/42 | 5,410,000 | 4,789,747 | |
Series 2017: | |||
4% 8/15/42 | 6,550,000 | 5,781,681 | |
5% 8/15/36 | 470,000 | 478,139 | |
Series 2020: | |||
5% 9/1/38 | 1,870,000 | 2,009,668 | |
5% 9/1/45 | 2,105,000 | 2,216,842 | |
5% 9/1/50 | 2,340,000 | 2,439,835 | |
Washington Higher Ed. Facilities Auth. Rev.: | |||
(Gonzaga Univ. Proj.) Series 2019 A, 3% 4/1/49 | 2,645,000 | 2,086,918 | |
(Whitworth Univ. Proj.): | |||
Series 2016 A: | |||
5% 10/1/25 | 400,000 | 405,199 | |
5% 10/1/26 | 1,880,000 | 1,924,733 | |
5% 10/1/34 | 1,415,000 | 1,441,136 | |
Series 2019, 4% 10/1/49 | 2,470,000 | 2,143,850 | |
TOTAL WASHINGTON | 56,475,255 | ||
West Virginia - 0.9% | |||
West Virginia Econ. Dev. Auth. Solid Waste Disp. Facilities Rev. Bonds (Appalachian Pwr. Co. - Amos Proj.) Series 2015 A, 3.375%, tender 6/15/28 (b) | 805,000 | 797,697 | |
West Virginia Hosp. Fin. Auth. Hosp. Rev.: | |||
Series 2018 A, 5% 1/1/43 | 1,290,000 | 1,309,271 | |
Series 2023 A: | |||
5% 6/1/37 | 1,400,000 | 1,551,501 | |
5% 6/1/38 | 500,000 | 551,036 | |
5% 6/1/40 | 1,970,000 | 2,137,338 | |
5% 6/1/41 | 1,970,000 | 2,130,304 | |
5% 6/1/43 | 3,505,000 | 3,758,049 | |
Series 2023 B, 6% 9/1/53 | 4,500,000 | 5,096,724 | |
Series 2023, 6% 9/1/48 | 5,560,000 | 6,344,114 | |
TOTAL WEST VIRGINIA | 23,676,034 | ||
Wisconsin - 2.5% | |||
Howard Suamico Scd Series 2021, 2% 3/1/38 | 1,065,000 | 801,328 | |
New Richmond Scd Series 2024: | |||
4% 4/1/41 | 5,510,000 | 5,522,960 | |
4% 4/1/43 | 1,250,000 | 1,237,460 | |
5% 4/1/35 | 1,630,000 | 1,824,706 | |
5% 4/1/39 | 1,515,000 | 1,671,006 | |
5% 4/1/40 | 1,730,000 | 1,895,530 | |
Pub. Fin. Auth. Edl. Facilities: | |||
Series 2018 A: | |||
5.25% 10/1/43 | 495,000 | 480,419 | |
5.25% 10/1/48 | 495,000 | 468,275 | |
Series 2022 A: | |||
5.25% 3/1/42 | 1,320,000 | 1,368,552 | |
5.25% 3/1/47 | 6,175,000 | 6,307,805 | |
Pub. Fin. Auth. Hosp. Rev.: | |||
(Renown Reg'l. Med. Ctr. Proj.) Series 2020 A: | |||
4% 6/1/45 | 5,040,000 | 4,696,091 | |
5% 6/1/30 | 765,000 | 817,646 | |
Series 2019 A, 5% 10/1/44 | 1,350,000 | 1,403,112 | |
Series 2020 A, 3% 6/1/45 | 4,855,000 | 3,861,924 | |
Pub. Fin. Auth. Sr. Living Rev. (Mary's Woods At Marylhurst, Inc. Proj.) Series 2017 A: | |||
5.25% 5/15/37 (c) | 2,235,000 | 2,261,956 | |
5.25% 5/15/42 (c) | 840,000 | 843,603 | |
5.25% 5/15/47 (c) | 1,225,000 | 1,212,055 | |
Roseman Univ. of Health: | |||
Series 2020, 5% 4/1/50 (c) | 395,000 | 399,908 | |
Series 2021 A: | |||
3% 7/1/50 | 1,385,000 | 1,019,692 | |
4.5% 6/1/56 (c) | 5,935,000 | 4,837,252 | |
Series 2021 B, 6.5% 6/1/56 (c) | 1,815,000 | 1,543,128 | |
Wisconsin Gen. Oblig. Series 2021 A, 5% 5/1/33 | 475,000 | 505,750 | |
Wisconsin Health & Edl. Facilities: | |||
Series 2013 B1, 4% 11/15/43 | 1,000,000 | 964,191 | |
Series 2016, 4% 12/1/46 | 2,500,000 | 2,416,133 | |
Series 2018, 5% 4/1/34 | 1,870,000 | 1,973,197 | |
Series 2019 A: | |||
5% 11/1/25 | 225,000 | 223,881 | |
5% 11/1/29 | 160,000 | 158,172 | |
5% 12/1/30 | 280,000 | 298,155 | |
5% 12/1/31 | 280,000 | 298,200 | |
5% 12/1/32 | 330,000 | 351,953 | |
5% 12/1/33 | 330,000 | 352,169 | |
5% 12/1/34 | 330,000 | 352,874 | |
5% 12/1/35 | 420,000 | 449,236 | |
5% 7/1/44 | 470,000 | 477,663 | |
5% 11/1/46 | 1,350,000 | 1,200,420 | |
5% 7/1/49 | 1,870,000 | 1,894,149 | |
Series 2019 B, 5% 7/1/38 | 330,000 | 337,687 | |
Series 2019 B1, 2.825% 11/1/28 | 95,000 | 88,553 | |
Series 2019: | |||
5% 10/1/24 | 255,000 | 255,659 | |
5% 10/1/26 | 515,000 | 534,426 | |
Wisconsin Health & Edl. Facilities Auth. Rev.: | |||
Series 2021: | |||
3% 10/15/37 | 1,700,000 | 1,493,130 | |
3% 8/15/51 | 3,200,000 | 2,426,279 | |
5% 8/15/35 | 1,550,000 | 1,664,333 | |
Series 2024 A, 5.5% 2/15/54 | 1,075,000 | 1,170,990 | |
Wisconsin Hsg. & Econ. Dev. Auth.: | |||
Series 2021 A, 3% 3/1/52 | 660,000 | 642,154 | |
Series 2021 C, 3% 9/1/52 | 1,045,000 | 1,016,815 | |
Wisconsin Hsg. & Econ. Dev. Auth. Hsg. Rev.: | |||
Bonds Series 2021 C, 0.81%, tender 5/1/25 (b) | 715,000 | 694,546 | |
Series 2021 C, 2.85% 11/1/51 | 1,035,000 | 747,885 | |
TOTAL WISCONSIN | 67,463,008 | ||
Wyoming - 0.0% | |||
Wyoming Cmnty. Dev. Auth. Hsg. Rev. Series 2019 3, 3.75% 12/1/49 | 1,075,000 | 1,071,201 | |
TOTAL MUNICIPAL BONDS (Cost $2,658,214,926) | 2,633,584,652 | ||
Money Market Funds - 2.0% | |||
Shares | Value ($) | ||
Fidelity Tax-Free Cash Central Fund 3.86% (h)(i) (Cost $52,993,204) | 52,972,080 | 52,993,244 | |
TOTAL INVESTMENT IN SECURITIES - 99.8% (Cost $2,711,208,130) | 2,686,577,896 |
NET OTHER ASSETS (LIABILITIES) - 0.2% | 5,945,900 |
NET ASSETS - 100.0% | 2,692,523,796 |
(a) | Amount is stated in United States dollars unless otherwise noted. |
(b) | Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end. |
(c) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $26,028,916 or 1.0% of net assets. |
(d) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(e) | Non-income producing - Security is in default. |
(f) | Level 3 security |
(g) | Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end. |
(h) | Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Tax-Free Cash Central Fund. |
(i) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Tax-Free Cash Central Fund 3.86% | 55,695,648 | 362,416,036 | 365,118,435 | 1,264,990 | 6,263 | (6,268) | 52,993,244 | 4.6% |
Total | 55,695,648 | 362,416,036 | 365,118,435 | 1,264,990 | 6,263 | (6,268) | 52,993,244 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Municipal Securities | 2,633,584,652 | - | 2,632,086,831 | 1,497,821 |
Money Market Funds | 52,993,244 | 52,993,244 | - | - |
Total Investments in Securities: | 2,686,577,896 | 52,993,244 | 2,632,086,831 | 1,497,821 |
Statement of Assets and Liabilities | ||||
As of July 31, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $2,658,214,926) | $ | 2,633,584,652 | ||
Fidelity Central Funds (cost $52,993,204) | 52,993,244 | |||
Total Investment in Securities (cost $2,711,208,130) | $ | 2,686,577,896 | ||
Cash | 100,000 | |||
Receivable for investments sold | 560,123 | |||
Receivable for fund shares sold | 2,576,814 | |||
Interest receivable | 26,967,211 | |||
Distributions receivable from Fidelity Central Funds | 84,322 | |||
Prepaid expenses | 438 | |||
Receivable from investment adviser for expense reductions | 180,547 | |||
Other receivables | 149 | |||
Total assets | 2,717,047,500 | |||
Liabilities | ||||
Payable for investments purchased on a delayed delivery basis | $ | 14,275,532 | ||
Payable for fund shares redeemed | 2,648,472 | |||
Distributions payable | 6,779,136 | |||
Accrued management fee | 733,580 | |||
Other payables and accrued expenses | 86,984 | |||
Total liabilities | 24,523,704 | |||
Net Assets | $ | 2,692,523,796 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 2,790,509,329 | ||
Total accumulated earnings (loss) | (97,985,533) | |||
Net Assets | $ | 2,692,523,796 | ||
Net Asset Value, offering price and redemption price per share ($2,692,523,796 ÷ 266,767,363 shares) | $ | 10.09 |
Statement of Operations | ||||
Six months ended July 31, 2024 (Unaudited) | ||||
Investment Income | ||||
Interest | $ | 43,090,538 | ||
Income from Fidelity Central Funds | 1,264,990 | |||
Total income | 44,355,528 | |||
Expenses | ||||
Management fee | $ | 4,407,747 | ||
Custodian fees and expenses | 15,687 | |||
Independent trustees' fees and expenses | 3,515 | |||
Registration fees | 90,094 | |||
Audit fees | 34,197 | |||
Legal | 4,779 | |||
Miscellaneous | 6,646 | |||
Total expenses before reductions | 4,562,665 | |||
Expense reductions | (1,306,404) | |||
Total expenses after reductions | 3,256,261 | |||
Net Investment income (loss) | 41,099,267 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (1,995,010) | |||
Fidelity Central Funds | 6,263 | |||
Total net realized gain (loss) | (1,988,747) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (2,551,908) | |||
Fidelity Central Funds | (6,268) | |||
Total change in net unrealized appreciation (depreciation) | (2,558,176) | |||
Net gain (loss) | (4,546,923) | |||
Net increase (decrease) in net assets resulting from operations | $ | 36,552,344 |
Statement of Changes in Net Assets | ||||
Six months ended July 31, 2024 (Unaudited) | Year ended January 31, 2024 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 41,099,267 | $ | 76,748,389 |
Net realized gain (loss) | (1,988,747) | (44,774,134) | ||
Change in net unrealized appreciation (depreciation) | (2,558,176) | 50,994,503 | ||
Net increase (decrease) in net assets resulting from operations | 36,552,344 | 82,968,758 | ||
Distributions to shareholders | (39,846,384) | (74,855,846) | ||
Share transactions | ||||
Proceeds from sales of shares | 633,722,970 | 2,201,937,433 | ||
Reinvestment of distributions | 938 | 1,678 | ||
Cost of shares redeemed | (468,610,874) | (2,089,472,684) | ||
Net increase (decrease) in net assets resulting from share transactions | 165,113,034 | 112,466,427 | ||
Total increase (decrease) in net assets | 161,818,994 | 120,579,339 | ||
Net Assets | ||||
Beginning of period | 2,530,704,802 | 2,410,125,463 | ||
End of period | $ | 2,692,523,796 | $ | 2,530,704,802 |
Other Information | ||||
Shares | ||||
Sold | 63,130,257 | 228,418,341 | ||
Issued in reinvestment of distributions | 93 | 171 | ||
Redeemed | (46,758,925) | (219,027,209) | ||
Net increase (decrease) | 16,371,425 | 9,391,303 | ||
Fidelity® SAI Tax-Free Bond Fund |
Six months ended (Unaudited) July 31, 2024 | Years ended January 31, 2024 | 2023 | 2022 | 2021 | 2020 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 10.11 | $ | 10.00 | $ | 10.61 | $ | 10.97 | $ | 10.89 | $ | 10.19 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .156 | .289 | .230 | .194 | .215 | .241 | ||||||
Net realized and unrealized gain (loss) | (.025) | .103 | (.613) | (.359) | .085 | .735 | ||||||
Total from investment operations | .131 | .392 | (.383) | (.165) | .300 | .976 | ||||||
Distributions from net investment income | (.151) | (.282) | (.227) | (.194) | (.216) | (.248) | ||||||
Distributions from net realized gain | - | - | - | (.001) | (.004) | (.028) | ||||||
Total distributions | (.151) | (.282) | (.227) | (.195) | (.220) | (.276) | ||||||
Net asset value, end of period | $ | 10.09 | $ | 10.11 | $ | 10.00 | $ | 10.61 | $ | 10.97 | $ | 10.89 |
Total Return C,D | 1.32 % | 4.05% | (3.55)% | (1.53)% | 2.83% | 9.68% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | .35% G | .36% | .38% | .36% | .36% | .43% | ||||||
Expenses net of fee waivers, if any | .25 % G | .25% | .25% | .25% | .25% | .25% | ||||||
Expenses net of all reductions | .25% G | .25% | .25% | .25% | .25% | .25% | ||||||
Net investment income (loss) | 3.13% G | 2.95% | 2.33% | 1.78% | 2.02% | 2.28% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 2,692,524 | $ | 2,530,705 | $ | 2,410,125 | $ | 2,165,516 | $ | 1,797,621 | $ | 1,603,522 |
Portfolio turnover rate H | 7 % G | 27% | 23% I | 6% | 32% | 12% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $51,990,545 |
Gross unrealized depreciation | (73,177,161) |
Net unrealized appreciation (depreciation) | $(21,186,616) |
Tax cost | $2,707,764,512 |
Short-term | $(12,351,691) |
Long-term | (62,433,227) |
Total capital loss carryforward | $(74,784,918) |
Purchases ($) | Sales ($) | |
Fidelity SAI Tax-Free Bond Fund | 278,895,748 | 86,769,436 |
Amount ($) | |
Fidelity SAI Tax-Free Bond Fund | 2,313 |
Item 8.
Changes in and Disagreements with Accountants for Open-End Management Investment Companies
See Item 7.
Item 9.
Proxy Disclosures for Open-End Management Investment Companies
See Item 7.
Item 10.
Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies
See Item 7.
Item 11.
Statement Regarding Basis for Approval of Investment Advisory Contract
See Item 7.
Item 12.
Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable.
Item 13.
Portfolio Managers of Closed-End Management Investment Companies
Not applicable.
Item 14.
Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable.
Item 15.
Submission of Matters to a Vote of Security Holders
There were no material changes to the procedures by which shareholders may recommend nominees to the Fidelity Salem Street Trust’s Board of Trustees.
Item 16.
Controls and Procedures
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Salem Street Trust’s (the “Trust”) disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.
(a)(ii) There was no change in the Trust’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Trust’s internal control over financial reporting.
Item 17.
Disclosure of Securities Lending Activities for Closed-End Management Investment Companies
Not applicable.
Item 18.
Recovery of Erroneously Awarded Compensation
(a)
Not applicable.
(b)
Not applicable.
Item 19.
Exhibits
(a) | (1) | Not applicable. |
(a) | (2) | |
(a) | (3) | Not applicable. |
(b) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Fidelity Salem Street Trust
By: | /s/Laura M. Del Prato |
Laura M. Del Prato | |
President and Treasurer (Principal Executive Officer) | |
Date: | September 20, 2024 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/Laura M. Del Prato |
Laura M. Del Prato | |
President and Treasurer (Principal Executive Officer) | |
Date: | September 20, 2024 |
By: | /s/John J. Burke III |
John J. Burke III | |
Chief Financial Officer (Principal Financial Officer) | |
Date: | September 20, 2024 |